NIGERIA’S RESERVES HIT $52BN, INFLATION DROPS TO 15.9%

Nigeria’s external reserves have surged to over $52 billion while headline inflation has moderated to 15.9%, reflecting positive outcomes from ongoing economic reforms.

The Central Bank of Nigeria and government reports highlight improved foreign exchange liquidity, higher oil production, and stronger investor confidence as key drivers of the reserve build-up, marking one of the highest levels in recent years.

Inflation, which peaked significantly in late 2024, has continued its downward trajectory due to tighter monetary policy, better domestic supply chains, and exchange rate stability.

Analysts attribute the gains to fuel subsidy removal, exchange rate unification, and disciplined fiscal management under President Bola Tinubu’s administration. Tax revenues have also risen substantially, supporting public finances.

Experts describe the developments as a strong macroeconomic reset, though they caution that sustained reforms and structural improvements will be needed to lock in these gains and drive broader economic recovery.