Nigeria’s gross external reserve drops slightly to $49.49 billion – CBN
The Central Bank of Nigeria (CBN) said Nigeria’s gross external reserves stood at $49.49 billion as of 15 May, providing an import cover of 9.04 months for goods and services. CBN governor Olayemi Cardoso revealed the figure at the press briefing held after the 305th Monetary Policy Committee (MPC) ...
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Verified on May 20, 2026