Nigeria’s foreign exchange reserves slipped for the first time in several days, edging down to $51.96 billion as of July 27, 2026, from $52.02 billion reported on July 24, 2026, according to figures published by the Central Bank of Nigeria. The change implies a drop of roughly $60 million, breaking a four-day run in which reserves had been steadily rising.
The latest retreat also represents the first decline since the previous week, when the reserves were at the same level of $52.02 billion. The movement comes as the country continues to face pressure in the foreign exchange market, where liquidity conditions and market expectations have remained sensitive.
In parallel, Nigeria’s currency extended its weakening against the US dollar in the official foreign exchange window on Tuesday. Central bank data showed the naira fell to N1,365.53 per dollar, compared with N1,362.21 per dollar on Monday. In the parallel market, the naira traded at N1,410 per dollar, underscoring the gap between official and off-market pricing.
Taken together, the reserve decline and the continued naira depreciation point to ongoing volatility in Nigeria’s foreign exchange environment, with investors and households likely to remain attentive to how supply, demand, and central bank policy interact in the near term.
