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Story summary
- Nigeria's net foreign-exchange reserves rose to $34.8 billion by end-2025, up from $3.99 billion in 2023.
- Gross reserves climbed to $50.45 billion as of February 16, 2026.
- Central Bank Governor Olayemi Cardoso attributed the gains to stronger external fundamentals and policy reforms.
- Cardoso said the improvements reflect enhanced transparency in foreign exchange management, boosting investor confidence and inflows.
- The Central Bank remains committed to maintaining adequate reserves and FX-market stability.
