Nigeria’s external reserves have risen to $51.04 billion, their highest level in about 17 years, reflecting stronger foreign exchange inflows, improved liquidity conditions and the impact of ongoing economic reforms.
Data obtained from the Central Bank of Nigeria (CBN) showed that the country’s gross external reserves stood at $51.04 billion as of June 18, 2026, representing the strongest reserve position since January 2009, when reserves reached approximately $51.07 billion.
The latest figure underscores the steady strengthening of Nigeria’s external buffers, with reserves maintaining an upward trajectory throughout June following significant gains recorded in May.
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According to CBN data, external reserves opened the month at $49.80 billion before crossing the $50 billion threshold on June 5, when they rose to $50.12 billion. The reserves continued to climb, reaching $50.81 billion by June 15 and $51.04 billion three days later.
The increase represents a gain of more than $1.2 billion within
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