The true significance of foreign reserve depends on the extent to which they support broader economic transformation and improve the welfare of citizens, argues FELIX OLADEJI

The true significance of foreign reserve depends on the extent to which they support broader economic transformation and improve the welfare of citizens, argues FELIX OLADEJI

Nigeria's external reserves hit a 17-year high of $51.04 billion on June 18, 2026, up 35% in a year, yet the naira still slipped against the dollar.