Central Bank of Nigeria (CBN) reports, “Nigeria’s external reserves climbed $6B to $40.19B by the end of 2024”.
In its report, the Nigerian Apex Bank added, “net errors & omissions dropped by 79.5%, showing major gains in data quality & transparency.”
According to CBN: “Remittances remained a lifeline for Nigeria in 2024, with personal inflows rising by 8.9% to $20.93bn, IMTO transfers surging by 43.5% to $4.73bn, and official development assistance increasing by 6.2% to $3.37bn—reflecting stronger diaspora engagement and global support for the economy.
“Nigeria’s external reserves climbed $6B to $40.19B by the end of 2024. And net errors & omissions dropped by 79.5%, showing major gains in data quality & transparency.”
