Nigeria’s gross external reserves rose to $50.45 billion as of February 16, 2026, marking the highest level in 13 years, as the Central Bank of Nigeria signalled stronger confidence in the country’s external position. The CBN Governor, Olayemi Cardoso, disclosed this at the end of the 304th Monetary Policy Committee meeting in Abuja on Tuesday. Cardoso said the gross reserves position now provides an import cover of 9.68 months for goods and services.......................... READ MORE