Nigeria’s foreign reserves surpass annual target, rise above $52.5bn – CBN

By Progress Godfrey Nigeria’s foreign reserves have exceeded the Central Bank of Nigeria’s (CBN) annual target, rising above $52.5 billion as of July 17, 2026, the highest level recorded in 17 years. The CBN stated this on Tuesday, emphasising that the growth was driven by renewed investor confidence and sustained capital inflows. Speaking at a…