- CBN Governor Olayemi Cardoso said on Thursday, 8 October 2026, that Nigeria's net foreign reserves had risen to $46 billion and gross reserves had passed $55 billion.
- Net reserves have grown by about $11.2 billion since the end of December 2025, when they stood at $34.80 billion.
- The naira closed at ₦1,332.10 to the dollar on the official market on 8 October, and the CBN's Monetary Policy Committee next meets on 23 and 24 November 2026.
CBN puts net reserves at $46bn: what Nigeria’s bigger buffer means for you
CBN Governor Olayemi Cardoso says net foreign reserves have reached $46bn and gross reserves have passed $55bn. Here is what the two figures mean for the naira and for you.
Nigeria's net foreign reserves have risen to $46 billion and gross reserves have passed $55 billion, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso said on Thursday, 8 October 2026. He was speaking at the Nigeria-Asia Connectivity Dialogue in Singapore, according to ThisDay. "The gross foreign reserves are now at an all-time high of $55 billion," Cardoso said, as reported…