…project the naira could achieve its strongest annual performance since 2018Nigeria's external reserves climbed to $53.9 billion, their highest level in 18 yearsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Legit.ng journalist Dave Ibemere has over a decade of…

…According to him, the measures were strengthening the economy through improvements in external reserves, a more resilient external position, moderating inflation and stronger monetary policy transmission. The Finance Ministry said its revenue strategy would remain a key component of the reform agenda, alongside fiscal…

…trajectory, President Tinubu highlighted key macroeconomic indicators, noting that gross external reserves had reached approximately $52.7 billion by August 2026, while real Gross Domestic Product (GDP) grew by 4.43 percent in the second quarter of 2026 as inflation moderated toward 15.4 percent. Linking these outcomes…

…in critical infrastructure” when Tinubu took office on 29 May 2023. He said gross external reserves had risen to about $52.7 billion by August 2026, while consolidated non-oil revenue grew from roughly ₦13.63 trillion in 2023 to ₦16.4 trillion in the first two quarters of 2026. The party chair added that the merchandis…

…exchange market benefits from rising dollar supply, supporting Naira's stable performanceExternal reserves climb to $53.3 billion, marking a positive outlook for Nigeria's economic stabilityPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a jou…

…from $4.12 billion, according to a report by BusinessDay.Reserves remain strongNigeria’s external reserves remained broadly stable at $48.32 billion at the end of April, compared with $48.35 billion in March.The reserves were enough to cover about 10.01 months of imports of goods and services, well above the internatio…

…peace and stability in the Niger Delta, is expected to boost government revenue, external reserves and the broader fiscal outlook. The Federal Government of Nigeria’s appointment of Tantita Security Services Nigeria Ltd to protect oil assets and promote peace and stability in the Niger Delta has played a role in the de…

…Kogi State, during the CBN Fair. Sidi Ali attributed the improvement in the country’s external reserves and other economic indicators to sustained monetary policy tightening, increased transparency in the foreign exchange market, and growing investor confidence. She said the foreign reserves had exceeded the CBN’s annu…

…to $437.53 million, the highest single-day volume recorded since July 22, 2026Nigeria's external reserves reached $52.25 billion as of August 13, 2026, their highest point in 17 yearsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Pascal Oparada is a journalist…

…at N1,357.61 per dollar at the official FX market, gaining N8.08 week-on-weekNigeria's external reserves climbed to $52.25 billion, a 17-year high representing a 28.32% year-on-year riseThe CBN rolled out new financial market reforms, including expanded access to OMO securities for non-bank investorsPAY ATTENTION: Find…

…of banks and a growing pool of domestic institutional investment. Nigeria’s external reserves also rose sharply during the period under review. According to the NRS report, reserves increased from an unrestricted $3.99bn in 2023 to $51.9bn as of July 2026, which it described as a 17-year high. The country’s balance of…

…quoting Presidency source, the facility is aimed at strengthening the country’s external reserves and freeing up funds for infrastructure. The new facility dubbed “Project Gazelle 2”, will refinance approximately $1.5 billion outstanding ⁠under the original 2023 deal while unlocking an additional $3 billion in liquidit…

…2023 facility while unlocking an additional $3bn in liquidity to strengthen Nigeria’s external reserves and support ongoing fiscal and infrastructure priorities. Senior Special Assistant to the President on Media and Communications in the Office of the Vice President, Stanley Nkwocha, revealed details of the approval i…

…per dollar traded on Wednesday. This comes amid the continued rise in the country’s external reserves, which increased to $52.04 billion as of July 22, 2026. Recall that the naira appreciated across both the official and parallel foreign exchange markets on Wednesday. Dollar to Naira Exchange Rate Today, July 23, 2026:…

…reserves hit 17-year highUnderpinning the improved market conditions are Nigeria's external reserves, which reached a 17-year high of $52.02 billion as of July 20, 2026, according to CBN data. That figure is about 36 per cent higher than the same period a year earlier.CBN Governor Olayemi Cardoso, speaking at the Busin…

…mixed sentiment across the official and parallel foreign exchange markets, the country’s external reserves have continued their appreciation streak, rising to $51.92 billion as of July 16, 2026. Monday’s exchange rate comes as the Nigerian economy braces for the outcome of the apex bank’s 306th MPC meeting on Tuesday.…

…poorest and most vulnerable citizens. The General Assembly acknowledged that Nigeria’s external reserves have grown to about $51.5 billion as reported, but that total public debt has also increased to ₦156.28 trillion, with $11.6 billion set aside for debt servicing in 2026 alone, more than Nigeria spends on education,…

…that the impact of these changes is already visible: “Our reforms have strengthened external reserves, restored investor confidence, improved the functioning of the foreign exchange market, and placed inflation back on a downward trajectory despite global uncertainties.” He, however, stressed that macroeconomic stabili…

…half of the year, Yusuf said exchange-rate stability, moderating inflation, stronger external reserves, improved crude oil production and resilient financial markets have significantly reduced macroeconomic vulnerabilities and strengthened investor confidence. He noted that government revenues also improved on the back…

…the trading session was N1,380/$. Despite the pressure in the parallel market, Nigeria's external reserves, which provide the Central Bank of Nigeria (CBN) with ammunition to support the currency, and meet external obligations, continued to rise. Gross reserves increased to $51.71 billion as of July 8, 2026, representi…

…in the coming days will continue to depend on foreign exchange inflows, import demand, external reserves and overall market sentiment. For currency conversions, the prevailing official rate implies that: $1 = approximately ₦1,374.18 $10 = approximately ₦13,741.80 $100 = approximately ₦137,418 $1,000 = approximately ₦1,…

…equity. The organization further acknowledged reported improvements in Nigeria's external reserves, estimated at approximately $50.81 billion, attributed to fiscal reforms, enhanced diaspora remittances, and improved oil revenue performance. “Ohanaeze Ndigbo Worldwide notes that such indicators, if sustained, may stren…

The naira ended the week weaker across foreign exchange (FX) market segments amid slowing market liquidity, despite Nigeria’s external reserves

…external sector. More insights Nairametrics had earlier reported that Nigeria's external reserves gained more than $1 billion during the first half of June, extending the positive momentum recorded in previous months. Reserves increased by about 2.5% between June 1 and June 18, rising from $49.80 billion to $51.04 bill…