Capital Inflows

Nigeria’s Foreign Reserves Rise To $46.7 Billion — CBN Report

Nigeria’s Foreign Reserves Rise To $46.7 Billion — CBN Report

Nigerian Government reports a seven-year high in reserves, surging capital inflows, and stronger lending as signs that economic recovery is accelerating.

Nigeria’s Federal Government says the country’s economic recovery is gaining speed, citing new data from the Central Bank of Nigeria (CBN) that points to the strongest rebound in years. According to the Minister of Information, Nigeria’s foreign reserves have climbed to $46.7 billion—marking their highest level in nearly seven years and reflecting what officials describe as renewed investor confidence and improved external stability.

The minister shared the figures on his official X account, framing the development as evidence that