Tinubu’s reforms push reserves to $54.13bn — O’tega Ogra

Tinubu’s reforms push reserves to $54.13bn — O’tega Ogra

ABUJA — Nigeria’s gross foreign exchange reserves have risen to $54.13 billion, their second-highest level on record, according to O’tega Ogra, Senior Adviser on Digital and New Media to President Bola Tinubu. Ogra disclosed this in a post on his X handle on Monday, citing data from the Central Bank of Nigeria (CBN). According to […]

ANALYSIS: Can Nigeria spend its $53bn reserves to fight insecurity?

Nigeria’s external reserves have climbed to $53.31bn, but the growing foreign exchange buffer has sparked a debate over whether part of the funds can be deployed to address the country’s pressing security challenges. The debate intensified after the minority caucus of the House of Representatives called on President Bola Tinubu to withdraw $5bn from the […]

Nigeria’s foreign reserves rise above $54 billion

By Business Desk | September 7, 2026 Key Points Main Story Nigeria’s gross foreign reserves rose to $54.083 billion as of September 3, extending the country’s external liquidity buffer and providing about 10.5 months of import cover. Data from the Central Bank of Nigeria (CBN) showed that reserves increased by $277 million from $53.806 billion […] Continue reading %%POSTNAME%% at %%BLOGNAME%%.

Tinubu-Era Reforms Push Foreign Reserves Up 68% in Three Years

second-highest level on record, according to figures attributed to the Central Bank of Nigeria