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Nigeria's Foreign Reserves Cross $55 Billion, Highest in Over 18 Years
CBN Governor Cardoso has announced that Nigeria's foreign reserves have crossed $55 billion, an 18-year high for the country. The milestone reshapes macro risk perception for investors and founders operating in naira-denominated markets, though a concurrent $5 billion swap deal is drawing scrutiny from analysts.
2 sources
- Nigeria’s foreign reserves cross $55 billion, highest in over 18 years – Cardoso · nairametrics.com · T2
- $5 billion swap deal raises questions despite Nigeria’s record $54.6 billion reserves · nairametrics.com · T2