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flag Nigeria's foreign exchange reserves reach four-year high of $41.05B, despite naira depreciation.

flag Nigeria's foreign exchange reserves hit a four-year high of $41.05 billion, up 2.62% since July 18. flag The Central Bank of Nigeria (CBN) credits this growth to reforms like the Nigeria FX Code, increased capital flows, and higher non-oil exports. flag Despite the boost, the naira faced depreciation pressures, with the currency dropping to N1,536.73 per dollar. flag Experts predict further reserve growth, which could stabilize the economy and boost investor confidence.

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