Nigeria’s roreign reserves hit $49.83bn
Foreign currencies forex
Nike Popoola
Nigeria’s gross foreign reserves stood at $49.83bn as of the end of March 17, 2026 , figures obtained from the Central Bank of Nigeria (CBN) by Dailyeconomy revealed.
At the last Monetary Policy Committee meeting, the Governor, Central Bank of Nigeria, Olayemi Cardoso, noted improvement in the country’s reserves.
He said, “The MPC particularly noted the remarkable performance of Nigeria’s external sector, evidenced by the robust accretion to foreign exchange reserves, supported by higher export earnings and increased remittance inflows.
“This has contributed to greater stability in the foreign exchange market and bolstered investor confidence.”
