Nigeria’s foreign exchange reserves have climbed to $41 billion as of August 19, 2025, marking the strongest level in 44 months.
The latest data from the Central Bank of Nigeria (CBN) shows that reserves are now at their highest point since December 3, 2021, underscoring a steady buildup of external buffers in recent weeks.
Analysts attribute the growth to improved foreign inflows, oil earnings, and ongoing reforms aimed at stabilizing the foreign exchange market.
The sustained accretion provides the CBN with stronger capacity to defend the naira, support investor confidence, and cushion the economy against external shocks.
With reserves maintaining an upward trajectory, stakeholders say Nigeria is better positioned to weather global economic uncertainties and attract more foreign investment.