External Reserves News

Latest Articles

• Central Bank Governor Dismisses Reserve Depletion Fears Citing Buffers Above International Recommendations

  Published: Apr 18, 2026

  Section: Africa

  Governor Olayemi Cardoso has addressed concerns over the decline in Nigeria’s external reserves, stating the current levels remain well above the minimum thresholds suggested by th...

• Fitch Affirms Nigeria’s ‘B’ Rating With Stable Outlook Citing Improved Monetary Framework and Strong Reserves

  Published: Apr 14, 2026

  Section: Africa

  Fitch Ratings has maintained Nigeria’s Long-Term Foreign-Currency Issuer Default Rating at ‘B’, noting a stable outlook driven by policy reforms and a liquid domestic debt market....

• Naira Appreciates to ₦1,357 Against Dollar as Nigeria’s External Reserves Surpass Critical ₦50 Billion Milestone

  Published: Mar 17, 2026

  Section: Africa

  The Nigerian naira gained 0.62% in the official market this week, closing at ₦1,357.77 per dollar. The appreciation is supported by an 11-week consecutive build-up in gross externa...