Nigeria’s foreign exchange reserves have recorded their first decline in several days, dropping by approximately $60 million to $51.96 billion as of July 27, 2026, according to the Central Bank of Nigeria (CBN).

The latest figures show that the country’s external reserves fell from $52.02 billion recorded on July 24, ending a four-day streak of steady gains.

The decline comes amid continued pressure on the foreign exchange market, where the naira also extended its losses against the United States dollar.

CBN data showed that the naira depreciated at the official market, closing at ₦1,365.53 per dollar on Tuesday, compared to ₦1,362.21 per dollar recorded on Monday.

At the parallel market, the local currency exchanged at ₦1,410 to the dollar.

The latest figures underscore the continued volatility in Nigeria’s foreign exchange market despite recent improvements in the country’s external reserves.