Nigeria’s Foreign Reserves Drop by $855m Amid Rising FX Pressure

Thenews_chronicle | 11-05-2026 10:36pm |

Nigeria’s external reserves recorded a sharp decline of about $855 million within five weeks, raising fresh concerns over pressure on the country’s foreign exchange market despite a stronger year-on-year performance. According to the most recent data made public by the Central Bank of Nigeria, reserves decreased from $49.18 billion on April 1, 2026, to

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