The Central Bank of Nigeria, CBN, says the country’s gross and net foreign reserves significantly improved at the end of 2025, reflecting stronger external sector fundamentals and sustained policy reforms. The CBN Governor, Olayemi Cardoso, who revealed this at the weekend, said the net foreign exchange reserves, as at the end of December 2025, rose to $34.80 billion. This follows his disclosure at the post-Monetary Policy Committee, MPC, press briefing, last Tuesday, where he revealed that the country’s gross external reserves stood at $50.45 billion as of February 16, 2026. Cardoso stated that the figures emphasised the benefits of increased transparency and credibility in foreign exchange management, boosting investor confidence, attracting stronger FX inflows, and improving reserve ...