Nigeria’s rising foreign reserves reflect renewed investor confidence, says CBN

The Central Bank of Nigeria (CBN) has said the country’s rising foreign reserves reflect renewed investor confidence in the economy, attributing the development to ongoing monetary and financial sector reforms aimed at restoring macroeconomic stability.
The Acting Director of the Corporate Communications and Investor Relations Department of the CBN, Mrs Hakama Sidi Ali, stated this while delivering the Governor’s opening remarks at the CBN Fair held on Tuesday at the International Conference Centre, Gombe.
Sidi Ali disclosed that Nigeria’s foreign reserves had risen above $52.5 billion as of July 17, 2026, describing the figure as a 17-year high that exceeded the Central Bank’s annual...