Nigeria's External Reserves Reach $46.7 Billion, Boosting Naira Amid Strong Inflows
Nigeria's external reserves surged to $46.7 billion, supporting the Naira stability as foreign exchange inflows hit a six-month high. The Central Bank of Nigeria reported a slight depreciation of the Naira against the dollar, while the parallel market saw a slight appreciation.
Tilewa Adebajo of CFG Advisory attributed the rise in reserves to the government's Eurobond issuance, attracting offshore investors seeking higher yields. FMDQ data showed a significant increase in foreign exchange inflows, reflecting Nigeria's growing appeal to investors.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigeria's Foreign Reserves Hit 7-Year High at $46.7 Billion, Boosting Investor Confidence
Nigeria's External Reserves Reach $43.32 Billion in November 2025
Nigeria's Foreign Reserves Reach 7-Year High, Naira Strengthens Amid Market Boost
Nigeria's Foreign Reserves Hit $46.7 Billion, Highest in 8 Years
Nigeria's Foreign Reserves Reach 6-Year High, Boosting Naira Exchange Rate
Nigeria's Foreign Reserves Hit $46 Billion, Highest Level Since 2018
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
