Gross Foreign Exchange Reserves Breach $44.2 Billion as Autonomous Remittances Surge; FAAC Disburses ₦2.15 Trillion with Non-Oil Taxes Dominating 61% of Collections
Nigeria's external reserves touch $44.21 billion, marking an eight-year high powered by $780 million in monthly diaspora remittances and FPI inflows; concurrently, the Federation Account Allocation Committee distributes ₦2.15 trillion to the three tiers of government.
Gateway Nigeria Macroeconomic & Public Finance Desk
Economy