Nigeria’s external reserves have risen to $54.08 billion, reaching their highest level in nearly 18 years and moving further above the Central Bank of Nigeria’s (CBN) projection for the end of 2026.
Latest CBN data showed that the reserves reached $54.08 billion on September 3, compared with $53.99 billion on September 2 and $53.90 billion on September 1.
The latest figure is the highest level recorded since December 22, 2008, when the country’s reserves stood at about $54.21 billion.
The reserves have increased by approximately $1.42 billion from the $52.66 billion recorded on August 19.
Year-to-date, the reserves have risen by about $8.52 billion, from $45.56 billion on January 2, representing an increase of 18.7 per cent in just over eight months.
