Nigeria’s FX Reserves Soar To $42.03 Billion, Hitting 6-Year High
Nigeria’s foreign exchange reserves have climbed to $42.03 billion, marking the highest level in six years. The Central Bank of Nigeria (CBN) confirmed the development, noting that the surge in reserves is a result of improved crude oil earnings, foreign inflows, and policy reforms that continue to restore investor confidence. This significant rise comes at […]
Peter Obi should spread the news – Bayo Onanuga reacts to report of Naira holding grounds against Dollar
Bayo Onanuga, the spokesperson for the Presidency, has urged Peter Obi, the Labour Party’s presidential candidate in the last election, to share the positive news about the Naira’s recent stability. According to a report by Bloomberg, the Naira, Nigeria’s currency, has been holding steady against the US dollar and other foreign currencies. This unusual period […]