Foreign reserves near $53bn as CBN reforms gain traction
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Foreign reserves near $53bn as CBN reforms gain traction
05 Aug, 2026
The Central Bank of Nigeria on Tuesday said recent stability in the foreign exchange market, rising foreign reserves and moderating inflation indicate that its ongoing monetary reforms are beginning to yield positive results. The apex bank disclosed that Nigeria’s external reserves had risen above $52.5bn as of July 17, 2026, exceeding its annual target and reaching their highest level in 17 years.......................….......READ MORE
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