Nigeria’s Foreign Reserves Climb Above $54 Billion to Highest Level Since 2008

Nigeria’s gross external reserves have climbed above $54 billion, reaching their highest level since December 2008 and giving the country a substantially larger foreign-exchange buffer. Latest data from the Central Bank of Nigeria (CBN) showed that gross external reserves stood at $54.61 billion as of September 14, 2026, compared with $45.57 billion at the beginning…