Nigeria’s foreign reserves fall by $1.31bn despite Naira gains: What it means for the economy

Nigeria’s external reserves took a heavy hit in February 2025, shedding $1.31 billion even as the naira showed signs of strength against major foreign currencies. This decline has sparked fresh concerns about the country’s economic stability and its ability to manage external debt. Data from the Central Bank of Nigeria (CBN) shows that reserves fell [...]The post Nigeria’s foreign reserves fall by $1.31bn despite Naira gains: What it means for the economy appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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