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Foreign reserves rise by over $1 billion in two weeks

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Foreign reserves rise by over $1 billion in two weeks

18 Jun, 2026

Nigeria’s external reserves increased by more than $1 billion in the first half of June 2026, extending the gains recorded in May and strengthening the country’s foreign exchange buffers. Data from the Central Bank of Nigeria (CBN) showed that gross external reserves rose from $49.80 billion on June 1, 2026, to $50.81 billion as of June 15, 2026, representing an increase of approximately $1.01 billion within two weeks............................READ MORE