{"id":1978,"date":"2026-08-27T10:04:18","date_gmt":"2026-08-27T10:04:18","guid":{"rendered":"https:\/\/kufmtv.net\/?p=1978"},"modified":"2026-08-27T10:04:48","modified_gmt":"2026-08-27T10:04:48","slug":"nigerias-foreign-reserves-cross-fifty-three-billion-dollars-mark-exceed-year-end-target","status":"publish","type":"post","link":"https:\/\/kufmtv.net\/index.php\/2026\/08\/27\/nigerias-foreign-reserves-cross-fifty-three-billion-dollars-mark-exceed-year-end-target\/","title":{"rendered":"NIGERIA\u2019S FOREIGN RESERVES CROSS FIFTY-THREE BILLION DOLLARS MARK, EXCEED YEAR-END TARGET"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Foreign reserves have hit $53.1 billion as capital inflows from stronger crude oil earnings continue to accelerate accretion.<\/p>\n\n\n\n

 Data from the Central Bank of Nigeria (CBN)website showed that the reserves closed at $53.1 billion on August 24, the highest level in nearly 18 years.<\/p>\n\n\n\n

The current reserves position is far higher than CBN\u2019s projected $51.04 billion year-end target, and will cover over 12 months import for the economy.<\/p>\n\n\n\n

Nigeria\u2019s external reserves, which provide the CBN with the capacity to support the local currency and meet external obligations, have continued to rise steadily.<\/p>\n\n\n\n

Further analysis showed that the liquid portion of the external reserves stood at $52.5 billion dollar.<\/p>\n\n\n\n

Brent crude wednesday traded around $87 dollar per barrel\u2014above Nigeria\u2019s 2026 federal budget benchmark of $64 dollar .85 cent\u2014the price rebound would largely bolster the country\u2019s fiscal revenues.<\/p>\n\n\n\n

In its economic projections for 2026, the CBN targeted stronger oil earnings, foreign exchange market reforms and improved external capital inflows to achieve year-end reserves.<\/p>\n\n\n\n

Analysts said the current reserves position reinforces the steady growth in Nigeria\u2019s external buffers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign reserves have hit $53.1 billion as capital inflows from stronger crude oil earnings continue to accelerate accretion.  Data from 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