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.

The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria's external...

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.

The naira strengthened marginally across foreign exchange (FX) market segments on Monday as Nigeria's external reserves exceeded the...