Nigeria’s foreign exchange reserves have risen above $50 billion, according to the Central Bank of Nigeria (CBN).
CBN Director of Monetary Policy Department, Victor Oboh disclosed this during an interview on TVC News’ _Business Nigeria_ programme on Monday, May 25.
According to Oboh the current level of Nigeria’s foreign exchange reserve provides strong import cover and reflects ongoing efforts to strengthen external liquidity and macroeconomic stability.
“As I speak to you now, foreign reserves stand above 50 billion US dollars,” Oboh disclosed.
CBN data showed reserves at $49.49 billion as of May 15, 2026, before climbing past the $50 billion mark in subsequent days.
Nigeria’s foreign reserve crossing $50B puts the country’s economy in its strongest external position since 2014. It lowers crisis risk, supports the naira, and improves investor sentiment. But the real economic benefit depends on using that stability to push reforms in power, agriculture, and the business environment.
