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Nigeria's naira gains 15.28% against the dollar as economic reforms boost reserves to $41 billion.
Nigeria's naira has strengthened by 15.28% against the US dollar over five months, due to economic reforms, higher oil earnings, and increased diaspora inflows.
The country's foreign exchange reserves have reached a record $41 billion, up from $3.7 billion in 2021, driven by improved oil revenues, reduced import demand, and non-oil exports.
This financial turnaround provides the Central Bank of Nigeria with increased capacity to stabilize the naira and enhance economic stability.
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La naira de Nigeria gana 15.28% frente al dólar mientras las reformas económicas aumentan las reservas a $41 mil millones.