Nigeria’s foreign exchange reserves rose to USD 49.51 billion in February 2026, up from USD 46.11 billion in January 2026, according to the latest data updated on 27 February 2026. The increase underscores continued accumulation of external buffers early in the year.
The roughly USD 3.4 billion month-on-month rise strengthens Nigeria’s capacity to manage external shocks and support its currency in the foreign exchange market. Growing reserves are typically watched closely by investors and policymakers as an indicator of macroeconomic resilience and external liquidity.
With the new level of USD 49.51 billion, February’s reading marks a further improvement on January’s position, suggesting that Nigeria has entered 2026 with reinforcing external accounts and a stronger financial safety net vis-à-vis global markets.
