{"id":9066,"date":"2026-07-17T12:45:48","date_gmt":"2026-07-17T12:45:48","guid":{"rendered":"https:\/\/ograsset.com\/?p=9066"},"modified":"2026-07-17T12:45:50","modified_gmt":"2026-07-17T12:45:50","slug":"nigerias-reserves-hit-52bn-inflation-drops-to-15-9","status":"publish","type":"post","link":"https:\/\/ograsset.com\/index.php\/2026\/07\/17\/nigerias-reserves-hit-52bn-inflation-drops-to-15-9\/","title":{"rendered":"Nigeria\u2019s reserves hit $52bn, inflation drops to 15.9%"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Nigeria\u2019s reserves hit $52bn, inflation drops to 15.9%<\/strong><\/p>\n\n\n\n

The Central Bank of Nigeria has reported a landmark recovery in the nation\u2019s financial buffers,<\/p>\n\n\n\n

with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July<\/p>\n\n\n\n

2026.<\/p>\n\n\n\n

This multi-year milestone, according to the CBN data obtained on Thursday, represents a dramatic<\/p>\n\n\n\n

45 per cent increase from the $35.70bn recorded during the same period in 2025, effectively doubling the foreign currency cushion since the critical lows of late 2016.<\/p>\n\n\n\n

To put this recovery into historical context, Nigeria\u2019s reserves plummeted to a critical low of<\/p>\n\n\n\n

$23.89bn in October 2016 amid a severe economic recession triggered by a collapse in global crude oil prices and systemic foreign exchange shortages.<\/p>\n\n\n\n

The current accretion not only marks a complete departure from that era of fiscal strain but also surpasses the previous high-water mark of mid-June 2013, when reserves stood at approximately<\/p>\n\n\n\n

$48.47bn.<\/p>\n\n\n\n

CBN officials attributed the rapid acceleration to daily gains over the past month, during which liquid reserves grew by over $1bn in just 30 days. On 15 June 2026, the reserves stood at $50.81bn before climbing to the current level. Of the current stock, a highly liquid $51.27bn remains fully accessible to meet the country\u2019s immediate import and foreign exchange demands, with only a marginal 1.2 per cent ($621.7m) tied up in blocked funds. The significant growth in reserves coincides with positive developments on the domestic price front, offering a dual boost to the macroeconomic outlook.<\/p>\n\n\n\n

According to the National Bureau of Statistics, Nigeria\u2019s headline inflation rate moderated slightly to 15.91 per cent year-on-year in June, down from 15.93 per cent in May. The cooling of consumer prices was largely driven by a notable deceleration in the core inflation basket, which dropped from 16.82 per cent to 15.92 per cent. Month-on-month inflation also tapered to 1.66 per cent, indicating that the intense price pressures of previous years are beginning to ease alongside a strengthening national balance sheet.<\/p>\n\n\n\n

Analysts have welcomed the simultaneous improvement in external reserves and price stability as a sign of successful monetary policy interventions.<\/p>\n\n\n\n

Commenting on the milestone, a financial analyst noted, \u201cThe combination of a near-$52bn reserve and moderating inflation proves that Nigeria is finally building a resilient fiscal shield while successfully cooling domestic price pressures.\u201d<\/p>\n\n\n\n

With the gross reserves now comfortably surpassing the strong peaks of 2013, the government\u2019s<\/p>\n\n\n\n

current trajectory suggests a much-needed period of economic stabilisation is taking root.<\/p>\n\n\n\n

Source: https:\/\/punchng.com\/nigerias-reserves-hit-52bn-inflation-drops-to-15-9\/<\/a><\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Nigeria\u2019s reserves hit $52bn, inflation drops to 15.9% The Central Bank of Nigeria has reported a landmark recovery in the nation\u2019s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according to the CBN data obtained on Thursday, represents a dramatic 45 per… <\/p>\n

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