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Nigeria's Net Reserves Jump to $34.80 Billion
Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN), says Nigeria’s net foreign exchange reserves (NEFR) at the end of 2025 were $34.80 billion — exceeding the country’s total gross reserves recorded in 2023. According to a statement on Monday, Cardoso disclosed the figure over the weekend. The figure also represents 50.58 percent or $11.69 billion increase compared to the net reserves of $23.11 billion recorded in 2024 and 772.18…
Source: The Guardian March 03, 2026 08:44 UTC
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