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flag Nigeria’s forex reserves hit $46.01 billion by Jan. 22, 2026—the highest in eight years—boosted by oil revenues and economic reforms.

flag Nigeria’s foreign exchange reserves rose to $46.01 billion by January 22, 2026—the highest level in about eight years—driven by improved oil revenues, better forex inflows, and ongoing economic reforms. flag The increase, up $450 million year-to-date, follows a $5.8 billion balance of payments surplus in 2025 and reflects growing confidence in the economy. flag The Central Bank of Nigeria projects reserves could reach $51.04 billion by year-end. flag Despite stronger reserves, credit to the private sector declined 2.8% in 2025 due to sustained high interest rates aimed at curbing inflation.

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