Nigeria's Foreign Reserves Surge to $46 Billion, Highest Since 2018
Nigeria's foreign reserves have hit a significant milestone, surpassing $46 billion, the highest level since 2018, according to the Governor of the Central Bank of Nigeria, Yemi Cardoso. This announcement was made during the 20th-anniversary colloquium of the monetary policy department in Abuja.
The increase in reserves is seen as a positive sign for the country's financial stability, with the new level deemed sufficient to cover 10 months of imports.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
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