Nigeria’s foreign exchange (FX) reserves is expected to rise to $41 billion by year-end, marginally higher than what was recorded in 2024, with the naira sustaining its gains, CardinalStone said in its mid-year outlook.
The rise in the FX reserves is attributed to plans by the federal governmen
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Wasiu Alli & Chima Chima
Wasiu Alli is a business, economics cum data journalist with strong expertise covering macro trends, capital markets, government policies, corporate earnings and comparative economics analysis. Alli turns raw data into trends that not only tells compelling stories but nudges investors to make valued and informed decisions. He’s an alumnus of Lagos State University and trained at Lagos Business School. He formerly heads the Companies and Markets desk at BusinessDay where he writes and supervises the production of well researched articles on earnings updates, corporate sectoral comparisons, market intelligence as well as interviews with C-suite executives.
