Nigeria, Feb. 20 -- The most recent statistics show that gains registered since the beginning of the year have continued to rise steadily month to date at about 4.6 per cent.



Supported by stronger foreign exchange supply and tighter demand management, the local currency has firmed by more than 6 per cent at the official window since early January.

Rising to about 48.37 billion dollars by mid-February, gross external reserves have reinforced the nation's external cushion from 45.50 billion dollars at the end of 2025.



Along with larger oil receipts and growing diaspora remittances, more apex bank interventions, including FX sales to authorised banks and bureau operators, have stabilised the market.

Lower fuel import costs, driven...