The Central Bank of Nigeria has said foreign reserves rose above $52.5 billion as of July 17, 2026, supported by stronger foreign exchange inflows and renewed investor participation.
The bank disclosed the figure during a stakeholders fair in Bauchi aimed at promoting financial inclusion and improving public understanding of monetary and financial policies.
Acting Director of Corporate Communications and Investor Relations Hakama Sidi Ali said the CBN remained focused on price stability, financial system resilience and sustainable economic growth.
She said headline inflation declined slightly from 15.93 per cent in May to 15.91 per cent in June, while food and core inflation also moderated.
The CBN linked the trend to monetary tightening, exchange rate reforms and improved market transparency.
It also said the gap between the official exchange rate and Bureau de Change rates had narrowed to below two per cent.
The bank highlighted reforms including banking sector recapitalisation, the non resident Bank Verification Number, the B Match foreign exchange trading system and the Nigeria Payments System Vision 2028.
It also cited measures aimed at liquidity management and the introduction of the Nigerian Overnight Financing Rate as part of efforts to modernise financial markets.
Officials used the fair to promote alternative payment channels, financial literacy and consumer protection.
The CBN also repeated its warning against spraying, mutilating, hawking or counterfeiting the naira and urged Nigerians to rely on verified channels for information about its policies.
