Nigeria’s external reserves have risen by 8.2 percent year-on-year, reaching $43.32 billion as of November 6, 2025, according to new data released by the Central Bank of Nigeria (CBN).

This marks a significant improvement from the $40.94 billion recorded during the same period in 2024, reflecting stronger foreign exchange inflows and renewed investor confidence in the Nigerian economy.

The CBN attributed the growth to higher crude oil earnings, improved non-oil export performance, and sustained foreign investment inflows. Analysts also point to ongoing monetary and fiscal reforms that have helped stabilize the foreign exchange market and enhance reserves management.

External reserves are a vital component of Nigeria’s financial stability, providing a buffer for defending the naira, meeting external debt obligations, and financing essential imports. The latest figure represents the highest level in five years, underscoring the country’s strengthened external position.

However, experts caution that maintaining this upward trajectory will depend on continued fiscal discipline, stable global oil prices, and effective management of foreign exchange demand.

The CBN reaffirmed its commitment to sustaining a robust reserves position to support macroeconomic stability, maintain investor confidence, and ensure resilience against external shocks. Visit www.jocomms.com for more news.