Nigeria’s foreign exchange reserves have recorded a significant boost, rising from $37.195 billion on July 1, 2025, to $40.159 billion as of August 7, 2025, according to fresh data released by the Central Bank of Nigeria.

When President Bola Ahmed Tinubu assumed office on May 29, 2023, the reserves stood at $32 billion, with a large portion encumbered. The steady growth in reserves reflects renewed investor confidence and improved fiscal and monetary management under his administration.

Economic analysts note that this milestone is one of several positive indicators across various sectors, showing that the nation’s economy is in capable hands. The sustained increase in reserves strengthens Nigeria’s financial stability and enhances its ability to weather global economic shocks.