Foreign reserves near $53bn as CBN reforms gain traction

Nigeria’s foreign reserves have surged to nearly $53bn, a 17-year high, as CBN reforms stabilize the forex market and boost investor confidence. Learn more

The Briefing Africa

August 5, 2026 · 00:15 · 5 min read

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Nigeria’s foreign reserves have surged to nearly $53bn, a 17-year high, as CBN reforms stabilize the forex market and boost investor confidence. Learn more

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Foreign reserves near $53bn as CBN reforms gain traction