The Central Bank of Nigeria has predicted the nation’s external reserves will increse to $51.04bn in 2026
This projection was contained in the Macroeconomic Outlook for Nigeria, 2026, titled ‘Consolidating Macroeconomic Stability Amid Global Uncertainty’, published by the CBN on Tuesday.
According to reports, the nation’s external reserves presently stands at $45.45bn, following days of steady accretion.
The external reserves are expected to be boosted by reduced pressure in the FX market based on the anticipated rise in oil earnings, sovereign bond issuance, and diaspora remittance inflows.
On inflation, the CBN anticipates that headline inflation will decelerate further to 12.94% in 2026, driven by a combination of factors, and is expected to come down to 10.75% in 2027.
Edited by Favour Owonibi.