Market News
Markets, naira reap early gains from rising reserves - BUSINESSDAY
BY Hope Moses-Ashike and Eniola Olatunji
...Investors upbeat on Nigeria’s Eurobond, equities, fixed-income assets
The naira, Eurobonds, equities and fixed-income assets are seeing early gains from the nation’s growing foreign exchange reserves, BusinessDay has learnt. Data from the Central Bank of Nigeria (CBN) revealed that Nigeria’s foreign currency reserves climbed to $41.07 billion on August 21, 2025, representing a 5.46 percent or $2.13 billion increase compared to $38.94 billion recorded on August 22, 2022 prior to the appointment of Olayemi Cardoso.
