Nigeria's foreign reserves climbed to $41.10 billion on August 22, gaining $28.7 million in just 24 hours — the highest in four years. This steady buildup, driven by CBN's forex reforms and government policies boosting local production, is expecte…  | By Enitan Ajebukola Ajewumi on August 26, 2025 | Nigeria's foreign reserves climbed to $41.10 billion on August 22, gaining $28.7 million in just 24 hours — the highest in four years. This steady buildup, driven by CBN's forex reforms and government policies boosting local production, is expected to keep the naira stable and ease inflationary pressure. Read also, For SMEs, stronger reserves mean better access to forex for imports, improved business confidence, and potentially lower operating costs. The naira also showed resilience, closing at ₦1,542/$ at the parallel market and ₦1,535/$ officially, slightly stronger than last week. | | | |
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