July 23, 2025 – Nigeria’s external reserves recorded a notable increase of $200 million within one month, growing from $37.74 billion as of June 18, 2025, to $37.94 billion by July 18, 2025, according to official data released by the Central Bank of Nigeria (CBN).
This positive movement in the country’s foreign reserves reflects a combination of steady crude oil earnings, improved remittance inflows, and increased investor confidence in the Nigerian economy following recent monetary policy adjustments by the apex bank.
Economic analysts have attributed the growth to better management of foreign exchange flows, reduced pressure on the Naira, and a more stable macroeconomic environment. The slight rebound is seen as a positive indicator for Nigeria’s external sector, offering the CBN greater capacity to stabilize the foreign exchange market and meet international financial obligations.
The reserve boost comes at a time when the federal government is intensifying efforts to attract foreign direct investment (FDI) and build a resilient economic framework through reforms aimed at exchange rate unification, improved trade balance, and increased export earnings.
Financial experts have urged continued policy discipline and diversification of forex sources to sustain the momentum, particularly as global oil prices remain volatile and external debt servicing needs persist.