Nigeria's Forex Liquidity Improves as Reserves Top $53B, But Money Supply Expansion and Fuel Costs Keep Inflation Risk Alive

$53 billion — Nigeria's external reserves have climbed above that threshold, providing a stronger buffer for the naira and signaling improved forex liquidity as the country enters September.

Money Moves

• Naira range‑bound at N1,340–1,350/$ — Since unification three years ago, the naira has traded within a defined band, shifting savers' focus from devaluation risk to managing purchasing power within set boundaries.
• **Broad money supply surges to N138.78...