Nigeria's External Reserves Reach $54.08bn, Highest Since 2008

As of September 3, 2026, Nigeria's external reserves have risen to $54.08 billion, the highest level recorded since December 2008, according to data from the Central Bank of Nigeria (CBN). The reserves increased from $53.99 billion on September 2 and $53.90 billion on September 1.

Since January 2, 2026, Nigeria has added about $8.51 billion to its external reserves, which were approximately $45.57 billion at the beginning of the year. The accumulation of reserves has accelerated in recent weeks, with figures rising from $51.94 billion on August 3 to $54.08 billion by September 3, indicating a significant increase of roughly $2.14 billion within that month.

This current reserve level is also approximately $3.04 billion above the CBN's projected year-end reserve position of $51.04 billion for 2026.