Nigeria's Net FX Reserves Surge

Nigeria's net foreign exchange reserves surged to $34.80 billion by the end of 2025, a substantial increase from $3.99 billion at the end of 2023, as announced by Yemi Cardoso, Governor of the Nigeria — Central Bank of Nigeria. This 772% rise reflects stronger external sector fundamentals and sustained policy reforms implemented by the Nigeria — Central Bank of Nigeria. Gross external reserves also increased to $45.71 billion from $40.19 billion over the same period. Yemi Cardoso highlighted that this improvement signifies a strengthening in both the level and quality of Nigeria's external buffers, enhancing the country's capacity to meet external obligations, support exchange rate stability, and reinforce macroeconomic resilience. The Nigeria — Central Bank of Nigeria attributes these gains to increased transparency and credibility in foreign exchange management, which has boosted investor confidence and attracted stronger foreign exchange inflows.