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External Reserves Cross $46bn, Highest in Eight Years
Nigeria’s external reserves have crossed the $46 billion mark for the first time in about eight years, highlighting the steady accretion in reserve levels since 2025.
The development is based on the latest external reserves data released by the Central Bank of Nigeria (CBN) dated January 22, 2026.
The reserve build-up signals stronger buffers for import cover and currency stability as the country heads into a pre-election year.
Data tracked shows that Nigeria’s last recorded reserves were at this level on August 27, 2018, when they stood at $45.9 billion.
With reserves now at about $46 billion, the apex bank’s medium-term outlook of a $51 billion reserve position by the end of 2026 is increasingly coming into view.
SOURCE: Nairametrics