Nigeria’s external reserves declined slightly for the second consecutive day, falling to $55.24 billion as of October 29, 2026, according to figures released by the Central Bank of Nigeria (CBN).
Data from the apex bank showed that the reserves dropped from $55.26 billion on October 28 to $55.24 billion the following day, representing a reduction of $20 million within the two-day period.
The latest movement indicates a marginal decline in the country’s foreign reserves, which serve as a major source of external liquidity and help support Nigeria’s capacity to meet international financial obligations.
The CBN figures also provide an indication of changes in the country’s external reserve position over the period under review.
However, the supplied report contains conflicting information, stating that the reserves lost $20 million over the two days while also claiming they gained $60 million during the same period. The basis for the reported $60 million increase was not explained.
Further clarification from the CBN’s historical reserve data would be required to establish the overall movement in the reserves beyond the October 28 and 29 figures.
