“Foreign Reserves Drop 8% in 2025, But Naira Gains on FX Market Reforms”
The Nigerian naira has maintained relative stability in the foreign exchange (FX) market, even as the Central Bank of Nigeria’s (CBN) dollar inflows fluctuate and external reserves trend downward. According to the latest data from the CBN, Nigeria’s gross external reserves fell by 8 per cent year-to-date, declining to $37.84…