Nigeria’s external reserves increase to $54.08 billion, the highest level in nearly 18 years, according to recent Central Bank of Nigeria (CBN) data reported by multiple outlets. The figures show reserves rising day to day in early September, reaching $54.08 billion on September 3.
The increase is also described as coming alongside improving foreign-exchange conditions. Legit.ng links the higher reserves to strengthened pressure on the naira, citing a rate around N1,315 per $ at the time of reporting. Vanguard adds that the reserves are moving further above the CBN’s projection for the end of 2026, placing the latest level in a broader outlook for currency and macroeconomic stability.
Across the coverage, the core factual point is the same: external reserves are at about $54.1 billion and represent a record-high since roughly 18 years ago. The differences are mainly in emphasis—one outlet highlights the naira impact, while the other focuses on the gap versus the CBN’s later-year forecast.
