Nigeria’s foreign reserves drop by $20m in two days

Nigeria’s overseas reserves recorded a flimsy diminution for 2 consecutive days, falling to $55.24 cardinal connected October 29, 2026.

Data from the Central Bank of Nigeria, CBN, showed that the country’s outer reserves declined connected October 28 and 29 to $55.26 cardinal and $55.24 billion, respectively.

This means that Nigeria’s overseas reserves shed $20 cardinal implicit the 2 days, according to the apex bank’s data.

A further investigation of the apex bank’s information showed that the country’s overseas reserves gained $60 cardinal during the play nether reappraisal contempt the two-day decline.

The country's outer reserves accrued by $60 cardinal betwixt October 23 and 29, 2026.

DAILY POST reports that the country’s overseas reserves roseate to $55.24 cardinal connected October 29, from the $55.18 cardinal recorded connected October 23, representing an summation of $60 million.

This comes arsenic the naira closed astatine N1,346.26 against the dollar connected Friday.

Nigeria’s overseas reserves driblet by $20m successful 2 days