Nigeria’s foreign exchange reserves have risen to $42.03 billion, the highest level recorded in the last 72 months. This remarkable achievement underscores the growing strength of the economy and renewed global confidence in Nigeria’s financial system.

Analysts attribute the surge to improved oil receipts, sustained inflows from foreign investors, and the impact of reforms initiated by President Bola Ahmed Tinubu’s administration. These measures have not only stabilized the naira but also boosted the country’s external reserves.

The development is seen as a key milestone in President Tinubu’s Renewed Hope Agenda, signaling greater resilience in the economy and laying a solid foundation for long-term growth and stability.