CBN Governor Cardoso Reveals Nigeria’s Foreign Reserves Hit $55bn, Best in 18 Years

FX pressures recede as reserves hit 18-year high, current account surplus rises 67.9%

The governor also attributed part of the improvement in Nigeria’s external buffers to diaspora remittances, which he said had played an important role in strengthening the country’s resilience.

CBN Governor Cardoso reveals Nigeria’s foreign reserves hit $55bn, best in 18 years

The Central Bank of Nigeria, CBN Governor, Olayemi Cardoso, said the country’s foreign reserves, which have hit $55 billion, are in the best position in 18 years. He made this disclosure while briefing journalists at the end of the apex bank’s 307th Monetary Policy Committee, MPC meeting in Abuja. According to him, efforts by the […] CBN Governor Cardoso reveals Nigeria’s foreign reserves hit $55bn, best in 18 years

Nigeria’s foreign reserves cross $55 billion, highest in over 18 years – Cardoso

Nigeria’s foreign reserves have crossed $55 billion, reaching their highest level in more than 18 years, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso.

CBN Reserves Hit $55 Billion, Best in 18 Years; Rate Cut to 23%

Nigeria's foreign reserves have reached $55 billion, marking their strongest position in 18 years, Central Bank Governor Olayemi Cardoso announced following ...

Naira stages strong comeback against dollar as Nigeria’s foreign reserves hit $54.72bn

Naira strengthens in official and parallel markets as reserves top $54.72bn; dollar turnover falls 28.4%, with ₦1,300 projected by 2026 as naira gains persist.