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Nigeria’s Foreign Reserves Climb Above $38 Billion, Strengthening Economic Buffers

Nigeria's Foreign Reserves Climbs
© Unsplash
  • Central Bank says reserves now cover nearly 10 months of imports
  • Inflation remains a challenge even as reforms boost investor confidence

Abuja, Nigeria – Nigeria’s foreign reserves have surpassed $38 billion, providing almost 10 months of import cover for Africa’s largest economy, according to the Central Bank of Nigeria.

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