HomeBusinessNigeria’s foreign reserves increase by over $1 billion in two weeks

Nigeria’s foreign reserves increase by over $1 billion in two weeks

Nigeria’s foreign reserves grew by more than $1 billion in the first half of June 2026, continuing the positive trend seen in May.

According to data from the Central Bank of Nigeria (CBN), the country’s external reserves increased from $49.80 billion on June 1 to $50.81 billion on June 15, an increase of about $1.01 billion within two weeks.

This follows a strong performance in May, when reserves rose by about $1.22 billion, showing continued growth in foreign exchange inflows and stronger external liquidity.

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Steady Growth Throughout June

The CBN data shows that reserves increased steadily during the first half of June:

June 1: $49.80 billion

June 2: $49.88 billion

June 3: $49.96 billion

June 4: $50.04 billion

June 5: $50.12 billion

June 8: $50.27 billion

June 9: $50.35 billion

June 10: $50.43 billion

June 11: $50.51 billion

June 15: $50.81 billion

The reserves grew by about 2% in

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