Nigeria’s foreign reserves dropped by $90 million in five days to $55.13 billion on November 5, 2026, from $55.22 billion on October 30, 2026.
This is according to the Central Bank of Nigeria, CBN, external reserves data.
The downward movement in the country’s external reserves during the period under review represents a 0.16 per cent decline.
This means that the country’s reserves are reversing the $295.35 million gain recorded in October 2026.
The development comes as the naira traded at N1,346.80 against the dollar as of November 6, 2026.
On a year-on-year basis, the naira gained 6.26 per cent against the United States dollar over the past year.