Nigeria's net foreign-exchange reserves climbed sharply to $34.8 billion by the end of 2025, a significant increase from $3.99 billion recorded in 2023. The Governor of the Central Bank of Nigeria, Olayemi Cardoso, says the surge to stronger external fundamentals and a series of policy reforms have helped restore confidence in the currency market. He noted that the improvement reflects increased foreign exchange inflows, more effective reserves management, and a renewed capacity to meet external obligations while stabilising the exchange rate. Thami Ngubeni spoke to Dennis O'Shea, a Certified Financial Modelling and Valuation Analyst....