Nigeria’s Foreign Reserves Hit $43.32 Billion, Marking Significant Year-on-Year Growth
Nigeria’s international reserves reached a notable milestone of $43.32 billion as of November 6, 2025, representing an 8.2 percent increase from $40.94 billion recorded in the same period of 2024, according to recent Central Bank of Nigeria (CBN) data.
The substantial growth in reserves can be attributed to multiple factors, including enhanced oil revenue, improved non-oil export performance, and growing confidence in Nigeria’s economic reforms. The strengthening reserves position has provided crucial support for the country’s exchange rate management and international financial commitments.
Throughout 2025, the reserves experienced notable fluctuations. The year began with $40.88 billion on January 2, before declining to $39.72 billion by month-end, marking a $1.16 billion decrease. February saw a further reduction, dropping from $39.60 billion to $38.42 billion. March remained relatively stable, with only a minimal decline of $54 million, ending at $38.31 billion.
The second quarter showed mixed performance. April witnessed a slight decline to $37.93 billion, but May reversed course with a $439 million increase, reaching $38.45 billion. June demonstrated stronger growth, with reserves climbing by $1.18 billion to reach $39.73 billion.
The third quarter marked a period of significant gains. July recorded one of the year’s largest monthly increases of $2.16 billion, pushing reserves to $39.36 billion. August continued the upward trend with a $1.76 billion rise to $41.31 billion, while September added another $932 million, reaching $42.35 billion.
The final quarter maintained positive momentum, with October seeing a $790 million increase to $43.20 billion. Early November showed continued stability, with reserves reaching $43.32 billion by November 6, representing a modest $65.5 million increase.
The consistent growth in reserves throughout 2025 reflects the effectiveness of the CBN’s monetary policies and broader economic reforms, positioning Nigeria for improved financial stability and enhanced capacity to manage external obligations.
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