Nigeria's External Reserves Reach $50.12bn High

As of June 5, 2026, Nigeria's external reserves hit $50.12 billion, the highest level in 17 years, representing a 30.9% increase from $38.28 billion recorded on June 5, 2025. This growth of approximately $11.84 billion within a year marks the first time reserves have crossed the $50 billion threshold since January 26, 2009, when they stood at $50.58 billion.

Although the current reserves remain below the all-time high of $64.85 billion recorded on August 8, 2008, they reflect a significant recovery following the global financial crisis. The reserves have shown a steady upward trajectory, climbing from $37.21 billion on June 30, 2025, to $50.12 billion by June 5, 2026.

The lowest level recorded in the past year was $37.18 billion on July 3, 2025. The increase in reserves indicates a strengthening of Nigeria's foreign currency buffer, with the latest figures demonstrating a robust recovery in the country's external position.