Nigeria's external reserves have surged by $540.28 million in two weeks, climbing to $43.17 billion as of October 30, 2025, according to the latest data from the Central Bank of Nigeria (CBN).
The increase marks one of the most significant short-term gains in recent months and reflects improved foreign exchange inflows, stronger oil export receipts, and steady growth in diaspora remittances.
Financial analysts have linked the positive trend to sustained crude oil prices above $90 per barrel, renewed foreign investment inflows, and recent foreign exchange reforms introduced by the CBN to boost market confidence and stabilize the naira.
Experts say the rising reserves enhance Nigeria's external position by providing a stronger buffer against currency volatility and improving the country's credit outlook among international investors.
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A report by United Capital Research also confirmed the upward trend, noting that Nigeria's reserves, which stood at $42.53 billion on September 30, 2025, have now reached their highest level in more than three years.
The firm projected that with stable oil production, prudent fiscal management, and consistent remittance inflows, Nigeria's external reserves are likely to maintain a steady increase into early 2026.
Economic observers believe the sustained growth in reserves will strengthen the nation's ability to meet external obligations, support the balance of trade, and reinforce the Central Bank's ongoing efforts to stabilize the economy.
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