By Marcus Nkire
Nigeria’s foreign reserve has climbed above $46 billion, the Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed.
Cardoso revealed the new figure while addressing stakeholders in Abuja, noting that the steady rise in external reserves reflects renewed confidence in the Nigerian economy and the impact of ongoing monetary reforms. He said the CBN’s policy direction has focused on stabilising the foreign exchange market, improving transparency, and strengthening reserves to support macroeconomic stability.
According to him, the increase signals improved foreign inflows and better management of the nation’s external assets. Cardoso added that the apex bank will continue implementing measures aimed at sustaining confidence, attracting investments, and ensuring long-term stability in the financial system.
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