Tag: CBN
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…
Economists Urge CBN to Introduce N10,000, N20,000 Notes as Naira Value Plummets
A new economic report is urging the Central Bank of Nigeria (CBN) to introduce higher-value currency notes, such as N10,000 and N20,000 bills, to combat the severe decline in the naira’s purchasing power and restore its portability. The review, conducted by Quartus Economics and titled “Is Africa’s Eagle Stuck or Soaring Back to Life?”, warns…