Nigeria’s external reserves climbed to $51.04 billion on June 18, 2026, marking their highest level in about 17 years as stronger foreign exchange inflows and improved market conditions continued to support the country’s reserve position.
Checks on Central Bank of Nigeria (CBN) data showed that gross external reserves stood at $51,035,544,733.65, the highest level since January 20, 2009, when reserves reached about $51.07 billion.
The latest milestone reinforces the steady recovery in Nigeria’s external buffers, with reserves gaining momentum throughout June after recording significant growth in May.
CBN data showed that Nigeria’s external reserves maintained a consistent upward trajectory during the month.
The reserves started June at $49.80 billion and crossed the $50 billion mark by June 5, reaching $50.12 billion.
By June 15, reserves had increased further to $50.81 billion before climbing to $51.04 billion three days later.
Nairametrics
