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Nigeria's Central Bank Governor Olayemi Cardoso Announces Net Foreign Reserves Reach Record $46 Billion Olayemi Cardoso, Governor of the Central Bank of Nigeria, stated that Nigeria's net foreign reserves have reached $46 billion, with gross reserves at an 18-year high and the foreign exchange market stable. Cardoso highlighted the growth from $859 million in 2023 when he took office. He engaged in high-level discussions in Singapore with the Monetary Authority of Singapore and J.P. Morgan on financial reforms, market connectivity, and innovation.
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