Naira gains as external reserves hit new high of $50.04bn

The naira has shown improvement against the dollar, concluding the week on a positive note. This development coincides with Nigeria's gross external reserves reaching a new peak of $50.04 billion. The increase in reserves is attributed to various factors, including foreign investments and remittances, which have bolstered the country's financial standing. This upward trend in reserves is expected to support the naira's stability in the foreign exchange market.

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