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Nigeria’s external reserves rise to $52.5 billion, enough for 11 months’ imports

Nigeria’s external reserves rise to $52.5 billion, enough for 11 months’ imports

Nigeria’s gross external reserves have increased to $52.52 billion, providing import cover for approximately 11 months of goods and services, according to theCentral Bank of Nigeria (CBN). CBN Governor Olayemi Cardoso disclosed this at the end of the 306th Monetary Policy Committee (MPC) meeting in ...

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Verified on Jul 21, 2026

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