Nigeria's Forex Reserves Surge to $54.61 Billion in 2026

Nigeria's foreign exchange reserves reached $54.61 billion, marking an increase of $12.76 billion, or 30.5 percent, from the $41.84 billion recorded on September 15, 2025. This growth is attributed to stronger capital inflows and the Central Bank of Nigeria's efforts to improve liquidity in the foreign exchange market.

Between September 1 and September 14, 2026, reserves rose by approximately $707.75 million, from $53.90 billion to $54.61 billion. The upward trend began in the second quarter of 2026, with reserves increasing from $49.80 billion on June 1 to $51.53 billion by July 3, continuing through August and September.

The increase in reserves enhances Nigeria's ability to manage external obligations and respond to foreign currency demand. In the first quarter of 2026, Nigeria attracted $10.37 billion in foreign capital, an 83.8 percent increase from $5.64 billion in the same period of 2025, with foreign portfolio investment accounting for $9.86 billion of the total.