Nigeria’s external reserves climbed to $41.0 billion as of 19 August, the Central Bank of Nigeria (CBN) reported on Wednesday. The country’s net foreign reserves stood at $40.3 billion.
According to Nairametrics, this is the highest level of foreign liquidity recorded in Nigeria in 44 months, last seen in 2021.
The milestone was achieved despite declining global oil prices, reflecting efforts to maintain economic stability and prudent management of the country’s finances.
