Nigeria’s external reserves increased by about $1.22 billion in May 2026, reaching $49.58 billion by May 29, according to data from the Central Bank of Nigeria (CBN).
The reserves rose from $48.36 billion at the end of April, representing a 2.5% increase within one month.
The increase reflects stronger foreign exchange inflows, ongoing economic reforms, and efforts by the CBN to stabilize the foreign exchange market.
Key Highlights
External reserves grew from $48.34 billion on May 4 to $49.58 billion on May 29, 2026.
Nigeria’s reserves crossed the $49 billion mark on May 25 and continued rising.
The latest figure is one of the highest reserve levels recorded in recent years and brings the country close to the $50 billion milestone.
Higher reserves improve Nigeria’s ability to meet foreign obligations and support the stability of the naira.
Year-on-Year Growth
Nigeria’s external reserves stood at $38.47 billion on May 29, 2025.
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