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CBN reports $46 Billion reserves milestone, a 7-Year high

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8 months ago

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Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has revealed that the country’s foreign reserves have risen to over $46 billion.

He made the announcement on Tuesday morning during the opening of the Monetary Policy Department’s 20th anniversary colloquium in Abuja.

Mr. Cardoso noted that this marks the first time since 2018 that the country has reached such a level, which could cover more than 10 months’ worth of imports.

More to come.

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Pearl Essien is a digital content creator and a graduate of the prestigious University of Calabar. With over four years of experience in writing, she specializes in crafting engaging stories that inform and inspire readers. Outside of her work, Pearl enjoys storytelling, reading, and playing table tennis, bringing the same curiosity and passion to her hobbies as she does to her writing.

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