Nigeria's External Reserves Increase by 58% Under Cardoso
Nigeria's external reserves have surged by 58% to $52.73 billion under the leadership of Governor Cardoso, attributed to increased inflows and foreign exchange reforms. This significant rise was confirmed by the Central Bank of Nigeria.
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Inflows, FX reforms lift external reserves 58% under Cardoso
Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria in September 2023, driven by stronger export earnings, increased portfolio investments, FX market reforms, lower fuel import bills and improving investor confidence, findings by THE PUNCH show. Cardoso, who was appointed by President Read More: https://punchng.com/inflows-fx-reforms-lift-external-reserves-58-under-cardoso/
By Punch Newspapers
Read full article →Nigeria’s external reserves hits $52.73b – CBN
The Governor of the Central Bank of Nigeria, CBN, Olayemi Cardoso has told the Senate that Nigeria's External Reserves hit $52.73billion on July 9, 2026 which was $48.88billion in January this year. The post Nigeria’s external reserves hits $52.73b – CBN appeared first on Vanguard News.
By efosataiwo@vanguardngr.com
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