Tag: External Reserves

Nigeria's External Reserves Hit $50bn, Highest in Over a Decade - CBN The Central Bank of Nigeria (CBN) has announced that the country’s gross external reserves have surpassed the $50bn mark, reaching their highest level in over 13 years. Governor Olayemi Cardoso disclosed this milestone on...

Nigeria’s external reserves have risen above $47 billion, their highest level since 2018, signaling renewed strength in the country’s external position and boosting confidence in the Central Bank of Nigeria’s (CBN) outlook.

Nigeria’s external reserves rose by nearly $5 billion within three months, climbing to $42.77 billion at the end of September 2025, the Central Bank of Nigeria has said.

Nigeria’s external reserves have crossed $45.04 billion, marking one of the strongest positions the country has recorded in six years.

In spite of fluctuation in oil price, Nigeria’s external reserves surged to $42.696 billion last week, and the market anticipates additional inflows to lift the balance this week.

Nigeria’s financial outlook opened the month of July with an encouraging sign as the naira recorded a slight appreciation against the United States dollar, accompanied by a modest but meaningful rise in the country’s external reserves.