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Nigerian Government Squandered 67 Billion Dollars In Foreign Reserves?

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AFRICANGLOBE - Former Nigerian Minister of Education Dr Oby Ezekwesili said the squandering of $67 billion in foreign reserve by the two subsequent administrations after Olusegun Obasanjo's was a clear proof of Nigeria's failure to make the right developmental choices.

Nigeria’s Foreign Reserves Fall

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Nigeria's foreign reserves continued its downswing as it reduced further by $220 million in four days, to close at $37.242 billion, data from the...

South Africa to Contribute $2 Billion to IMF Firewall Against Eurozone...

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South Africa has committed to contribute $2 billion of its reserves to the International Monetary Fund's firewall fund, the Presidency said on Tuesday. "Along with...

Nigeria Ranks 44th Globally in External Reserves

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Nigeria currently ranks 44th position globally in the size of its external reserves, which has been put at US$34.68 billion as at March 8,...

Nigeria Converting Billions From Us Dollar to Chinese Yuan

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Nigeria's central bank will convert 10% of its $33-billion in foreign reserves to the Chinese yuan, as trade between the two countries continues to grow. We asked Thabo Ncala, co-portfolio manager at Stanlib's Africa Fund whether the growing support for the yuan indicates waning confidence in the dollar.
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