Nigeria’s foreign exchange reserves have increased by 7.28 per cent to $45.24 billion, reflecting improved external liquidity and ongoing monetary interventions by the Central Bank of Nigeria (CBN).
According to external reserves data published by the CBN, the country’s reserves stood at $45.24 billion as of December 23, 2025, up from $42.17 billion recorded in the corresponding period last month—an increase of about $3.1 billion on a month-on-month basis.
The data, however, shows a slight moderation from the $45.47 billion peak recorded on December 12, before easing to $45.32 billion on December 15.
Earlier this month, CBN Governor Olayemi Cardoso told the Senate Committee on Banking, Insurance and Other Financial Institutions that Nigeria’s foreign reserves had reached their highest level in nearly seven years, hitting $46.7 billion, driven by reforms in the foreign exchange market and improved inflows.
The rise in reserves coincided with a strengthening of the naira, which appreciated to ₦1,443.38 per dollar at the official market on December 24, 2025, according to market data.
Analysts say the sustained growth in reserves could help boost investor confidence, support exchange rate stability and improve Nigeria’s capacity to meet external obligations.