Nigeria’s foreign reserves have climbed to $50.45 billion, with net foreign exchange (FX) reserves reaching $34.8 billion, according to the Central Bank of Nigeria (CBN).
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, disclosed this during the post-Monetary Policy Committee (MPC) briefing held on February 24, 2026.
Cardoso said the country’s gross and net foreign reserves recorded significant improvement at the end of 2025, reflecting stronger external sector fundamentals and improved macroeconomic stability.
According to him, gross external reserves stood at $50.45 billion as of February 16, 2026, while net FX reserves rose to $34.8 billion within the same period.
The CBN Governor noted that the development underscores renewed investor confidence and ongoing efforts by the apex bank to stabilise the foreign exchange market and strengthen Nigeria’s external buffers.