Nigeria’s external reserves have climbed to $45.04 billion, their highest level in six years and the first time since 2019 that the country has crossed the $45-billion mark. The steady rise from $42.03 billion in September 2025 is attributed to stronger oil earnings, improved foreign investment inflows, and recent monetary policy adjustments by the Central Bank of Nigeria.

The surge boosts Nigeria’s capacity to meet external obligations, stabilise the foreign-exchange market, and reassure international investors. However, despite the improved reserves, the naira remains under pressure due to heightened year-end demand for foreign currency from importers, travellers, and businesses.

Analysts say the new reserve level is encouraging but stress that sustained improvement will depend on stable oil revenues, reduced import dependence, and stronger investor confidence. Visit www.jocomms.com for more news.