Nigeria’s external reserves have hit a six-year high, surpassing $45 billion for the first time since 2019. As of December 4, 2025, the reserves stood at $45.04 billion, a significant increase from $43 billion at the start of November. This milestone reflects improved foreign exchange conditions, increased investor confidence, and sustained inflows.
The Central Bank of Nigeria (CBN) attributes this growth to improved oil receipts, stronger balance-of-payments inflows, and renewed investor participation across various asset classes, CBN Governor, Olayemi Cardoso, noted. The reserves now provide over 10 months of import cover, strengthening Nigeria’s economic buffers against external shocks.
This latest achievement in the Nigeria economy is a testament to the country’s economic reforms and policies, which have restored confidence in the economy.
