Nigeria's reserves poised for growth, aiding Naira stability Story from Martha Gwary Nigeria's external reserves could rise to around $45 billion by the end of the year, according to analysts, a move that would significantly boost the Central Bank of Nigeria's (CBN) ability to support the foreign exchange market and wider economy. This positive outlook follows the reserves reaching $41 billion last Tuesday, a 44-month high that signals a major recovery after a period of depletion due to external debt repayments. Throughout August, the reserves have seen a sustained increase, climbing by $1.56...