Nigeria's External Reserves Hit $51.04 Billion in 2026

As of June 18, 2026, Nigeria's gross external reserves have climbed to $51.04 billion, an increase of $13.3 billion from $37.74 billion recorded on June 18, 2025. This growth represents a 35.2% increase over the year.

The reserves have shown an unbroken upward trend, gaining approximately $2.72 billion in the past six weeks alone. The latest figures indicate that the reserves reached their highest level in 17 years, underscoring the strength of Nigeria's external position and growing confidence in the foreign exchange market.

The reserves fluctuated throughout the review period, starting at a low of $37.18 billion in July 2025 and crossing various thresholds, including $39 billion in August 2025 and $50 billion in March 2026. The significant breakthrough occurred in June 2026 when reserves crossed the $50 billion mark during the first week of the month, eventually reaching $51.04 billion.