Nigeria’s foreign exchange reserves has reached $41 billion on August 19, 2025—the highest in 44 months since December 2021—indicating a strong recovery after months of depletion.
The reserves increased by $1.46 billion in August, growing steadily from $39.54 billion on August 1 to $41 billion, with an average daily increase of $81 million. The surge began in early August, surpassing $40 billion and continuing upward, driven by improved foreign inflows due to higher oil revenues, increased exports, and stable market conditions.
This rise enhances Nigeria’s economic stability, strengthens the naira, and improves the country’s credit outlook by demonstrating better capacity to meet external obligations and manage liquidity shocks. Also, the recent gains follow a subdued first half of the year, with reserves fluctuating between $37 billion and $39 billion earlier in 2025.
Leave a Reply