Nigeria’s Net Foreign Exchange Reserves Reach $23.11 Billion
Nigeria’s Net Foreign Exchange Reserves (NFER) reached $23.11 billion at the end of 2024, its highest level in over three years. This reflects improved external liquidity, reduced short-term obligations, and renewed investor confidence. Gross external reserves also increased to $40.19 billion, up from $33.22 billion in 2023. The Central Bank of Nigeria (CBN) attributes this […]
