Nigeria’s foreign exchange (FX) reserves have surged to a three-month high of $33.58 billion, reflecting recent stability in the naira. Data from the Central Bank of Nigeria (CBN) shows that the reserves last peaked at this level on March 28, at $33.82 billion. After experiencing fluctuations and dipping to a low of $32.11 billion on April 19, the reserves have climbed by $1.47 billion over the past two months, reaching $33.58 billion on June 19.

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