Nigeria's Rising Foreign Reserves Reflect Investor Confidence

Nigeria's Rising Foreign Reserves Reflect Investor Confidence

The Central Bank of Nigeria (CBN) has attributed the country's rising foreign reserves to renewed investor confidence and sustained capital inflows.

Nigeria's foreign reserves surpass annual target, rise above $52.5bn – CBN

By Progress Godfrey Nigeria’s foreign reserves have exceeded the Central Bank of Nigeria’s (CBN) annual target, rising above $52.5 billion as of July 17, 2026, the highest level recorded in 17 years. The CBN stated this on Tuesday, emphasising that the growth was driven by renewed investor confidence and sustained capital inflows. Speaking at a CBN Fair in Gombe, the Acting Director of Corporate Communications and Investor Relations Department o…

Nigeria's foreign reserves exceed target, hit $53 billion

Nigeria's foreign reserves have exceeded the annual target, climbing above $52.5 billion as of July 17, 2026, representing a 17-year high

CBN’s 2025 Scorecard: Growth Hits 3.87%, Inflation Falls, Capital Inflows Surge 94%

Nigeria ended 2025 with a stronger macroeconomic scorecard: faster economic growth, sharply lower reported inflation, improving government revenues, stronger external reserves, a recovering naira and an extraordinary rally in the equities market. Yet beneath those headline gains lies the question that will define the next phase of Nigeria’s economic reform experiment: can macroeconomic stabilisation translate …

Foreign Banks retain grip on Nigeria’s capital importation market

Foreign-owned banks have maintained their dominance as the primary channels for foreign capital entering Nigeria, processing nearly nine out of every 10 dollars of capital imported into the country in the first quarter of 2026, according to data from the National Bureau of Statistics (NBS). The latest NBS Capital Importation Report shows that foreign banks among the country’s top 10 capital importation channels handled $8.97 billion of the $10.2…

Nigeria's External Reserves Hit 17-Year High at $52.5bn

The Central Bank of Nigeria (CBN) says the country’s external reserves have risen above 52.5 billion dollars, exceeding its annual target and reaching the highest level in 17 years. Speaking at the CBN Fair in Gombe on Tuesday, the Acting Director of Corporate Communications and Investor Relations, Mrs. Hakama Sidi Ali, who represented the CBN Governor, said the milestone reflects renewed investor confidence and sustained capital inflows into th…