Nigeria's FX Reserves Rise to $47.8 Billion in January

As of February 12, 2026, Nigeria's foreign exchange reserves have risen to $47.8 billion, marking a $2 billion increase from January 2026. This represents a 4.43% growth in just one month, according to the Central Bank of Nigeria (CBN).

The reserves had previously climbed from $45.78 billion on January 13, 2026, following a significant recovery in the second half of 2025 when the reserves rebounded from levels below $38 billion. The upward trend continued throughout 2025, with reserves reaching $39.36 billion in July, $41.31 billion in August, and $45.50 billion by the end of December 2025.

The reserves have shown a year-on-year increase of approximately 17%, reflecting the cumulative impact of stronger oil receipts and robust remittance inflows through formal channels. This increase in reserves enhances Nigeria's import cover and strengthens confidence in the country's ability to navigate global financial volatility and commodity price fluctuations.