The Central Bank of Nigeria (CBN) has reported an increase in the country's external reserves, which have reached $49.34 billion. This rise comes in the context of stable market conditions, with the naira maintaining its value against foreign currencies. Additionally, the CBN noted that $2.34 billion was spent on food imports in 2025, despite a decline in demand for foreign exchange. The central bank's measures appear to be contributing to the resilience of the naira amidst these economic factors.
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