fbn quest

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    Business Nigeria's Foreign Reserves Drop By $753million

    Nigeria’s external reserves diminished by a total of $753 million to close at $27.123 billion as at April 28th, compared with the $27.859 billion it was as at April 1. The current position of the reserves, which are derived mainly from the proceeds of crude oil earnings represented a decline by...
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    Business Nigeria's Foreign Exchange Reserves Rises by $40Million

    Nigeria’s foreign exchange reserve rose by 40 million dollars in March on a 30-day moving average basis to 27.9 billion dollars. This is on the back of oil price climb to 40 dollars a barrel. In an analyst note released early this week by the investment bank FBN Quest, the modest increase in...