Cardoso: CBN reforms face fresh test as Nigeria’s foreign reserves plunge by $300m

The effectiveness of the Central Bank of Nigeria, CBN, reforms is facing renewed scrutiny as the country’s foreign exchange reserves declined by approximately $300 million in 10 days, falling from $55.17 billion on November 2, 2026, to $54.87 billion on November 12, 2026. This represents a 0.54 per cent decline in Nigeria’s external reserves within […] Cardoso: CBN reforms face…