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Nume Ekeghe
Nigeria’s external reserves have risen to $50.12 billion, marking their highest level in more than 17 years and highlighting a significant improvement in the country’s external position over the past year.
Latest data showed that gross external reserves stood at $50.12 billion as of June 5, 2026, compared with $38.28 billion recorded on June 5, 2025, representing a year-on-year increase of 30.9 per cent.
The naira strengthened against the dollar ending the week strong as Nigeria’s gross external reserves climbed to a record $50.04
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