{
  "id": 13039446,
  "title": "BREAKING: Nigeria’s net foreign reserves rise to record $46 billion",
  "url": "https://urgent.news/2026/10/09/breaking-nigerias-net-foreign-reserves-rise-to-record-46-billion",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T05:27:55.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/09/nigerias-net-foreign-reserves-rise-to-record-46-billion-2/"
  },
  "original_language": "en",
  "account": "Nigeria's net foreign reserves have surged to a record $46 billion, according to Central Bank of Nigeria Governor Olayemi Cardoso. The improved reserves are being attributed to stability in the foreign exchange market, which is bolstering investor confidence. The net foreign reserves have increased by $11 billion, from $34.80 billion at the end of 2025. This represents a significant improvement from 2023, when Nigeria's net foreign reserves were only $3 billion. The gross foreign reserves, which include all forex holdings, have reached an all-time high of $55 billion. This increase has coincided with Nigeria's economic outlook improving, with the World Bank recently raising Nigeria's 2026 growth forecast to 4.3%, from 4.0% in 2025. The World Bank also projects 4.4% growth in both 2027 and 2028. The improvement in reserves has come alongside a more stable foreign exchange market, with the naira trading around the N1,330/$ level in recent sessions.",
  "summary": "Nigeria’s net foreign reserves have risen to $46 billion, while stability in the foreign exchange market is helping to strengthen investor confidence, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has said. The post BREAKING: Nigeria’s net foreign reserves rise to record $46 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}