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Nigeria’s foreign reserves declined by about $547 million within a 15-day period in March 2026, reflecting renewed pressure on the country’s external buffers.

This is according to data published on the Central Bank of Nigeria (CBN) website.

The latest figures indicate a steady drawdown rather than a sharp drop, pointing to sustained demand on foreign exchange resources.

The movement suggests continued interventions and obligations within the foreign exchange market, even as authorities work to stabilise liquidity and the naira.

The decline also marks a shift from the earlier positive trend recorded at the start of the year.

The CBN data shows a consistent downward trend in foreign reserves over the review period, with no major rebound recorded.

A closer look at the daily figures shows the steady drawdown:

The data demonstrates a steady drawdown in Nigeria’s reserves, with levels dipping below the $50 billion mark during the period.

This persistent decline signals ongoing pressure on the country’s external reserves, despite efforts by the CBN to stabilize the foreign exchange market.

Nigeria’s foreign reserves have historically shown periods of volatility, often reflecting shifts in global oil markets and domestic policy actions.

The pattern underscores the sensitivity of Nigeria’s reserves to both global and domestic economic conditions.

Despite the recent dip, the Central Bank of Nigeria maintains an optimistic outlook for the country’s external reserves.