Nigeria's Economic Balancing Act: Reserves Surge, Liquidity Booms, but Growth Stays Uneven

$54.61 billion — Nigeria’s foreign reserves hit this mark as of September 14, up $12.76 billion year‑on‑year and $708 million in the first half of September alone. The reserves have crossed the $50 billion threshold in June and keep climbing, signaling stronger external liquidity.

Money Moves

• Reserves rally: Gross FX reserves grew 30.5% in a year, bolstered by $10.37 billion in foreign capital inflows in Q1 2026, up 83.8% from Q1...