external reserves

Nigeria's external reserves and currency prospects strengthen as Brent crude trades $4.15 above the 2026 budget benchmark of $64.85 per barrel, while the Canadian dollar weakens to N994 in the official market.

Nigeria's currency recorded gains against the euro while facing renewed depreciation pressures in the official market, as Bureau de Change operators report difficulties accessing the Central Bank's official foreign exchange window despite external reserves reaching $48.5 billion.