Nigeria's net FX reserves jump from $3bn to $40bn
CBN Governor Olayemi Cardoso said at the BusinessDay CEO Forum in Lagos that Nigeria's net foreign exchange reserves rose from about $3 billion at the start of economic reforms to around $40 billion, a 1,233.3% jump he credited to reforms restoring stability and investor confidence. Gross external reserves reached about $52 billion as of mid-July 2026.



















