Nigeria’s external reserves have climbed to their highest level in six years, with the Central Bank of Nigeria (CBN) confirming a gross reserve balance of $43.535 billion. The uptick, supported by stronger remittances, improved foreign inflows, and steady hydrocarbon earnings, has boosted the country’s usable reserves. Fresh data from S&P shows that Nigeria’s usable reserves … Continue reading Nigeria’s Usable FX Reserves Strengthen As Short-Term External Position Improves