Nigeria’s foreign reserves rise to $40.167bn amid naira slump

Nigeria’s foreign reserves has surged to $40.167 billion as of November 11, 2024, fresh reserve movement data from the Central Bank of Nigeria (CBN) has shown.

This marks the first time that the FX reserves will be hitting such a height since 2022.

The figure is a significant increase from the $38.3 billion recorded in September.