Category: Economy & Finance
A $46 Billion Bulwark: Nigeria’s Foreign Reserves Hit 7-Year High as Economic Reforms Gain Momentum
In a week that has already seen Nigeria projected to become Africa’s largest economy, a fresh set of data from the Central Bank of Nigeria (CBN) has provided the “hard math” to back up the optimism. On January 27, 2026, the CBN confirmed that Nigeria’s gross foreign exchange reserves have surged to $46 billion—the highest level…
IMF Projects Nigeria Will Overtake South Africa as Africa’s Economic Powerhouse in 2026
The narrative of “Africa Rising” has found a new focal point this week, and it is centered squarely on Nigeria. In a landmark report released on February 1, 2026, the International Monetary Fund (IMF) delivered a projection that has sent shockwaves through the continent’s financial hubs: Nigeria is officially on track to overtake South Africa…