Nigeria’s net FX reserves hit $23bn, highest in 3yrs

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  • Gross external reserves up to $40.1bn

 

The Central Bank of Nigeria (CBN) has reported the highest Net Foreign Exchange Reserve (NFER) position as of the end of 2024.

According to CBN data released on Tuesday, NFER stood at $23.11 billion, the highest level in over three years.

The…

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