Datanomics posted Nigeria's Reserves Hit $54 Billion, Highest in 18 Years Central Bank of Nigeria data shows reserves reached $54.08 b...

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Datanomics

@Datanomics News

Nigeria's Reserves Hit $54 Billion, Highest in 18 Years Central Bank of Nigeria data shows reserves reached $54.08 billion on September 3, 2026, up 18.7% from $45.57 billion at the year's start, driven by stronger oil earnings, remittances, and better forex liquidity. The naira has gained about 8% this year in official markets, with forecasts pointing to 1,290 per dollar by year-end. While some praise reforms under President Tinubu, others note that devaluation means the reserves hold less naira value than in past peaks like 2008. This story is a summary of posts on X and may evolve over time. Grok can make mistakes, verify its outputs.

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