Nigeria's FX reserves hit 13-year high at $48.5B

Nigeria's foreign exchange reserves have reached $48.5 billion, their highest level since May 14, 2013. This marks a significant recovery from $40.8 billion at year start, driven by improved inflows and tighter liquidity management. The steady climb since December 2025 reflects successful reforms and enhanced macroeconomic stability. Reserves now cover 6.5 months of imports and strengthen Nigeria's ability to meet external obligations. The Central Bank projects reserves could reach $51 billion by year-end 2026 as part of broader stabilization efforts.

SOURCE: https://nairametrics.com/2026/02/19/nigerias-foreign-reserves-hit-48-5bn-highest-since-2013/