Nigeria's external reserves hit a 17-year high of $51.04 billion on June 18, 2026, up 35% in a year, yet the naira still slipped against the dollar.
NIGERIA · ECONOMY
Key Facts
—$51.04 billion: Nigeria’s external reserves reached the central bank’s full-year target on June 18, 2026, their highest level since 2009.
—Up 35% in a year: Reserves have climbed by $13.33 billion from $37.71 billion a year earlier.
—The naira still slipped: The currency weakened about 1% over the week to roughly 1,370 per dollar, despite the bigger buffer.
Naira steadies as external reserves surpass CBN target - Businessday NG
External reserves hit CBN's $51.04bn target as naira posts weekly loss - Businessday NG
FOREIGN RESERVES AND NIGERIA’S ECONOMIC OUTLOOK
Dollar to Naira exchange rate today, June 19, 2026
Dollar to Naira exchange rate today, June 22, 2026
The naira strengthened against the dollar ending the week strong as Nigeria’s gross external reserves climbed to a record $50.04
• Investors commit N656bn to OMO bills
Though there is a slight drop from what was recorded in February, the CBN said at the press briefing that Nigeria's external…
*Says $2.34bn spent on food imports in 2025 despite decline in forex demand
The naira strengthened marginally across foreign exchange (FX) market segments on Monday as Nigeria's external reserves exceeded…
The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria's…
