Nigeria’s Net Reserve Hits $23bn, Highest In Over Three Years — CBN
Nigeria’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed investor confidence. According to a statement from the Central Bank of Nigeria (CBN), the increase in reserves reflects…
