Nigeria, April 14 -- The latest outlook comes despite a strong recovery in reserves, which climbed to $49.4 billion at the end of March 2026 from $32 billion in April 2024.



Even with a projected decline, the reserve level would still provide cover for about seven months of external payments, a position considered stronger than many peers in the same rating category.





Recent reforms by the Central Bank of Nigeria have helped improve market stability and support the naira. However, analysts warn that fiscal strain and global vulnerabilities could lead to moderate currency pressure in the months ahead.





The News Chronicle understands that while reserve growth has strengthened confidence, concerns remain around government fin...