Foreign Reserves

Nigeria's currency has gained ground as Brent crude trades above the federal government's $64.8 per barrel budget assumption, positioning the country for improved foreign exchange reserves and fiscal stability.

Nigeria's foreign exchange reserves reached $48.5 billion, the highest level since 2013, while Sterling HoldCo completed its oversubscribed public offer and FMBN posted a 68.4% year-on-year surplus increase, signaling robust recovery across the financial sector.