Nigeria's foreign reserves reach $42.01 billion, covering imports for over nine months, per the CBN.

Nigeria's external reserves hit $42.01 billion, enough to cover imports for over nine months, according to the Central Bank of Nigeria (CBN). The increase is attributed to crude oil taxes and third-party receipts. CBN Governor Olayemi Cardoso highlighted positive economic trends but faced calls from the Senate to address high interest rates and inflation.

3 months ago
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