Nigeria’s Foreign Reserves Hit 18-Year High as CBN Reports $55.1 Billion, Raising Hopes for Naira Stability
Nigeria’s foreign exchange reserves have climbed to $55.1 billion, their highest level in 18 years, strengthening the country’s external financial position and renewing attention on the Central Bank of Nigeria’s efforts to stabilise the foreign exchange market. The development was disclosed by CBN Governor Olayemi Cardoso during the 2026 Annual Meetings of the International Monetary … Read more