Nigeria’s external reserves have crossed the $54 billion mark for the first time since December 2008, reaching $54.08 billion as of September 3, 2026.
This is according to the latest data from the Central Bank of Nigeria (CBN).
Analysis of CBN data by Nairametrics shows that reserves stood at $54,083,850,797.49 on September 3, compared with $53.99 billion on September 2 and $53.90 billion on September 1.
The latest increase means the country’s external reserves have gained about $8.51 billion since the beginning of the year, rising from approximately $45.57 billion to $54.08 billion.
The current position is also approaching the December 2008 level of about $54.21 billion, when Nigeria recorded one of its highest reserve positions during the previous oil boom.
