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Nigeria's gross external reserves stand near a record $55.25 billion, the highest level in 18 years

Central Bank of Nigeria Governor Olayemi Cardoso reported gross external reserves of $55.25 billion as of 18 September 2026, the highest reading in 18 years, with cover for about 11.3 months of imports and net reserves above $45 billion.

Musa Abdullahi2 hrs ago

Economy

Nigeria's External Reserves Hit Record $55.07bn as Net Buffers Reach $46bn

Gross external reserves rose to an all-time high of $55.07 billion in early October while net reserves climbed to a record $46 billion, CBN Governor Olayemi Cardoso said.

Tunde Balogun