Nigeria’s reserves gain $9.3 billion in 9 months, 7x 2025 increase
Nigeria’s external reserves rose by $9.29 billion in the first nine months of 2026, more than seven times the increase recorded during the corresponding period of 2025. The post Nigeria’s reserves gain $9.3 billion in 9 months, 7x 2025 increase appeared first on Nairametrics .
The Central Bank of Nigeria reported that the country's external reserves increased by $9.29 billion over the first nine months of 2026, a more than sevenfold rise compared to the same period in 2025. The reserves expanded from $45.57 billion at the beginning of the year to $54.86 billion by September 24, marking a 20.4% gain. In contrast, the reserves grew by approximately $1.32 billion in 2025, from $40.88 billion to $42.20 billion.
This surge in reserves has surpassed the Central Bank of Nigeria's projected end-of-year level, with Nigeria's reserves now $3.82 billion higher than the $51.04 billion estimate for the year's conclusion. The reserve accumulation occurred alongside a significant surge in foreign capital inflows, with Nigeria attracting $10.37 billion in foreign investment during the first quarter of 2026, an 83.8% increase from the $5.64 billion recorded in Q1 2025.
The upward trend in reserves continued as the year progressed, pushing Nigeria's external reserves above the central bank's projected levels.
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