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Nigeria’s external reserves have continued to rise, extending a steady upward trend in recent weeksData shows the reserves, which recently crossed the $50 billion mark, have continued to strengthen on sustained FX inflowsAnalysts say the gains will help the naira and improve the CBN’s defence of Nigerian currency
Legit.ng journalist Dave Ibemere has over a decade of experience in business journalism, with in-depth knowledge of the Nigerian economy, stocks, and general market trends.
The Central Bank of Nigeria has revealed that Nigeria’s external reserves increased to $50.42 billion as of June 10, 2026.
The latest increase from $50.11 billion in reserves on June 5, 2026, built on an upward momentum that has seen reserves sustain above the $50 billion level in recent sessions.
CBN data shows consistent upward trend in FX reserves Photo: BloombergSource: Facebook
The CBN stated that Nigeria’s external reserves continue to strengthen following continued flows, driven by higher earnings on oil, diaspora
