Foreign Reserves

According to him, these measures have helped address distortions that had weakened the foundations of the Nigerian economy, stressing that macroeconomic stability was only the beginning of the work, and that the success of the reforms must ultimately be measured by their impact on ordinary citizens.

CBN data showed that reserves stood at $54.0839 billion on Thursday, up from $53.99 billion on September 2 and $53.90 billion on September 1.

The latest position is the highest recorded since January 12, 2009, when the country’s reserves stood at approximately $53.25 billion.

The latest balance represents a 15.6 percent increase from the $45.57 billion recorded on January 2, strengthening Nigeria’s external liquidity position and providing the Central Bank of Nigeria (CBN) with a larger buffer to manage foreign exchange pressures and meet international obligations.

August 17, (THEWILL) — Nigeria’s external reserves have climbed above $52 billion, reaching their highest level in about 17 years, but the naira has not responded with a corresponding surge. The apparent disconnect highlights an important reality about Nigeria’s...

Nigeria's foreign reserves declined by $114 million within seven days after reaching a recent peak of $52.04 billion, according to the Central Bank of Nigeria. Despite the decline, the country's external reserves remain about $463 million higher than...

Nigeria's external reserves climbed to $51.86 billion, their highest level since 2009, strengthening the country's foreign exchange buffer. Higher oil receipts, stronger export earnings, and renewed foreign investor inflows have combined to drive the steady build-up in reserves. ...

March 05, (THEWILL) — The Central Bank of Nigeria (CBN) has taken delivery of locally sourced gold refined to London Bullion Market Association (LBMA) Good Delivery standards into its foreign reserves, raising total gold holdings to $3.5 billion in...

December 22, (THEWILL) — Nigeria’s foreign exchange (FX) reserves have declined by $263 million, bringing to an end a 25-week streak of steady accretion, according to the latest official data. The decline marks the first weekly drawdown after several months...

November 18, (THEWILL) — The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has disclosed that the bank’s foreign reserves increased to $46.7 billion as of November 2025, the highest in about eight years, providing Nigeria with...