Nigeria’s external reserves have recorded a notable increase of $540.28 million in just two weeks, rising to $43.17 billion as of October 30, 2025, according to data from the Central Bank of Nigeria (CBN).
The uptick marks one of the most significant short-term gains in recent months and reflects improved foreign exchange inflows, stronger oil export receipts, and a consistent rise in diaspora remittances.
Financial analysts attribute the growth to sustained crude oil prices above the $90 per barrel mark, renewed foreign investment inflows, and the CBN’s foreign exchange reforms aimed at strengthening market confidence and stabilizing the naira.
Experts say the increase in reserves enhances Nigeria’s external position, providing a buffer against currency volatility and boosting the country’s credit outlook among international investors.
Recent reports by United Capital Research also confirmed the positive trend, noting that Nigeria’s reserves previously at $42.53 billion as of September 30, 2025 have reached their highest level in more than three years.
The firm added that with steady oil production, effective fiscal management, and continued inflow of remittances, Nigeria’s external reserves are expected to maintain a steady rise into early 2026.
Economic observers believe the growing reserves could strengthen Nigeria’s ability to meet external obligations, support trade balance, and reinforce the Central Bank’s ongoing monetary stability efforts.
