By Gwurld4026 
Positive Growth: Nigeria’s Reserves Rise to $39 Billion
Nigeria’s foreign reserves rose to $39 billion in October 2024, according to Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN).
This increase reflects a positive shift in the country’s financial standing, following months of efforts to stabilize the economy.
The growth in reserves is attributed to various factors, including improved oil exports and enhanced fiscal management.
These reserves play a critical role in supporting Nigeria’s currency, bolstering investor confidence, and providing a buffer against external shocks.
This development is seen as a step toward reinforcing the country’s economic resilience amidst ongoing global and domestic challenges.