Reserves Rise by $5.47bn to $51bn

Having crossed the $50 billion mark recently, Nigeria’s external reserves has breached the $51 billion mark with the 30-day moving average rising to $51.035 billion as at June 18, 2026, bringing its year to date accretion to $5.47 billion.
This level is the highest the reserves had reached since January 20, 2009 when it stood at $51.073 billion, as improved foreign exchange inflows and market conditions continued to support the country’s reserve position.
In the first 18 days of the month of June alone, the reserves had accrued $1.235 billion rising from $49.800 billion on June 1 to $51.035 billion on June 18. The June accretion is an extension of the gains recorded last month when re...