Nigeria’s exchange reserves have risen to $48.5 billion, according to data on the website of the Central Bank of Nigeria (CBN).
The current reserve amount is the highest balance since May 14, 2013, when reserves stood at about $48.51 billion.
The reserves have recorded a steady upward trajectory since 2025 and has continued to this year.
Nigeria’s foreign exchange reserves ended 2025 at approximately $45.5 billion, up from about $40.8 billion at the start of the year, indicating a year-on-year increase of nearly $4.7 billion.
Reserves opened January 2026 at $45.565 billion and closed the month at $46.279 billion, marking a gain of more than $700 million within four weeks.
The Reserves crossed the $46 billion mark in January for the first time in about eight years and moved above $47 billion by February 11, also the first time in roughly eight years.
By mid-February, reserves had extended further to $48.5 billion, consolidating the upward momentum and marking the highest level in nearly 13 years.
