Nigeria, Oct. 12 -- Nigeria's external reserves rose to $55.07 billion as of October 8, 2026, gaining about $ 115 million USD within six days as it continues to build its foreign exchange buffers.

According to the data made available by the Central Bank of Nigeria (CBN), on October 5, the reserves stood at $54.95 billion on October 2 to $54.98 billion before rising to $55.05 billion on October 7 and $55.07 billion on the following day.

The latest figures add on to the increases recorded in September, $53.90 billion at the beginning of the month to $54.93 billion as at 30 September.

The News Chronicle reports that Nigeria's reserves have now surpassed the CBN's projected year end target of $51.04 billion for 2026, offering a better buf...