By Progress Godfrey Nigeria’s foreign reserves have surpassed 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 apex bank disclosed this on Tuesday, attributing the increase to renewed investor confidence and sustained capital inflows into the economy. Speaking at […]

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