External reserves now $52bn, as net reserves exceed $40bn

•Reforms restore investor confidence•Bigger banks will drive growth – CardosoBy Babajide KomolafeGovernor of the Central Bank of Nigeria, CBN, Mr. Olayemi Cardoso, yesterday, said Nigeria’s external reserves have risen to about $52 billion, while net external reserves have exceeded $40 billion.He attributed the improvements to reforms that have restored investor confidence and also expressed confidence that the ongoing banking recapitalisation would position lenders t