Why Nigeria’s forex reserve is swelling

NAIRAMETRICS | 16-09-2026 07:15am |

Nigeria's foreign exchange reserves have climbed above the $54 billion mark, strengthening the country's external position. The increase provides additional buffers for the Central Bank of Nigeria to manage pressure in the foreign exchange market. The development is linked to factors behind the swelling of the reserves.

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.