By Progress Godfrey Nigeria’s foreign reserves have exceeded the Central Bank of Nigeria’s (CBN) annual target, rising above $52.5 billion as of July 17, 2026, the highest level recorded in 17 years. The CBN stated this on Tuesday, emphasising that the growth was driven by renewed investor confidence and sustained capital inflows. Speaking at a […]

By Elizabeth Adegbesan Nigeria recorded a net foreign exchange (forex) inflow of $20.33 billion in the first quarter of 2026, representing a 33.8 per cent increase compared with…

CBN Governor Cardoso highlights forex stability, rising foreign reserves ($52.5bn), and easing inflation as signs of Nigeria's economic recovery. Learn abo