…cent in the first half of 2024 to 3.9 per cent during the corresponding period of 2025, foreign reserves exceeded $42bn, fiscal deficits narrowed, and investor confidence strengthened. However, it warned that high inflation continues to undermine household incomes. The report stated, “High inflation, though declining,…

…due largely to lower import bills and increased capital transfers.” It added that foreign reserves rose to $50.12bn in February from $48.88bn in January, providing import cover of 9.61 months, well above the international benchmark of three months. The PUNCH earlier reported that Nigeria spent about $5.21bn servicing e…

…at N1,400 per dollar, the same rate traded last week. This comes as the country’s foreign reserves rose further to $51.06 billion, according to the apex bank’s data on June 19th, 2026. Recall that last week, Nigerian local currency weakened throughout the week except Monday. Dollar to Naira Exchange Rate Today, June 18…

By June 15, reserves had increased further to $50.81 billion before climbing to $51.04 billion three days later. The sustained increase reflects stronger foreign exchange inflows and improved liquidity conditions in the country's external sector. More insights Nairametrics had earlier reported that Nigeria's external r…