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.