Abuja, August 28, 2025 — Nigeria’s foreign exchange reserves have climbed to $41.046 billion, the highest level recorded since December 2021, signaling renewed confidence in the economy and a boost for the Federal Government’s ongoing recovery efforts.
According to data from the Central Bank of Nigeria (CBN), the reserves crossed the $41 billion threshold on August 20, 2025, representing a remarkable turnaround driven by improved crude oil production, stronger inflows from non-oil exports, remittances, and sustained foreign investment.
Economic analysts have described the development as a watershed moment for Nigeria, coming at a time when the government is implementing structural reforms under President Bola Ahmed Tinubu’s Renewed Hope Agenda. The rebound is expected to stabilize the naira, strengthen investor confidence, and provide a cushion for external trade and debt obligations.
Financial experts note that rising reserves will also enhance Nigeria’s ability to withstand global economic shocks, while boosting the credibility of monetary and fiscal policies aimed at taming inflation and promoting sustainable growth.
Stakeholders in the banking, manufacturing, and energy sectors have hailed the milestone as a positive signal for business confidence, projecting that it could further open the door for credit expansion, capital inflows, and long-term investment in critical sectors.
The latest figures mark a significant departure from the pressures witnessed in previous years when dwindling oil revenues and currency volatility eroded reserve buffers. With crude oil output nearing full capacity due to improved security in the Niger Delta and government measures against theft, analysts forecast further strengthening of the reserves in the months ahead.