Nigeria’s foreign reserves surged by $3.1bn to $45.24bn in December 2025, according to CBN data, as the naira strengthened against the dollar
Nigeria’s External Reserves Surge Past $45bn, Naira Strengthens Ahead of Year-End
Nigeria’s external reserves have climbed sharply to $45.24 billion as of December 23, 2025, marking a significant boost to the country’s foreign exchange buffers and renewed confidence in the economy.
Data published on the Central Bank of Nigeria (CBN) website shows that the reserves increased from $42.17 billion recorded in the same period last month, representing a 7.28 percent month-on-month rise, equivalent to $3.1 billion.
The latest figure reflects sustained inflows and improved foreign exchange management, although it remains slightly below the December 12 peak of $45.47 billion, before easing marginally to $45.32 billion on December 15, 2025.
Earlier in the month, CBN Governor, Olayemi Cardoso, while briefing the Senate Committee on Banking, Insurance and Other Financial Institutions on December 4, revealed that Nigeria’s reserves had reached their highest level in nearly seven years, peaking at $46.7 billion.
The rise in reserves comes alongside a strengthening of the national currency, with the naira appreciating to ₦1,443.38 per dollar on Wednesday, December 24, 2025, a development analysts say signals improving market confidence and easing pressure on the foreign exchange market.
Economic observers note that the combination of stronger reserves and a firmer naira could enhance Nigeria’s ability to meet external obligations, stabilise imports, and cushion the economy against global financial shocks as the year draws to a close. Read More
