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NIGERIA'S EXTERNAL RESERVES
Nigeria’s external reserves have surpassed the $42 billion mark, rising to $42.225 billion as of Thursday, September 25, 2025, the highest in over six years.
Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso.
The naira appreciated to N1,625/$1 in the parallel market on Tuesday, up slightly from N1,627/$1 recorded on Monday, according to data sourced by Nairametrics from currency traders in Lagos.
Nigeria’s external reserves have recorded a sustained rebound for the first time in 2025, rising by $364 million between April 30 and May 14, 2025.
Nigeria’s external reserves have increased yet again, reaching $35.05 billion as of July 8, 2024.
Nigeria’s external reserves have increased yet again, this time by $1.88 billion to $34.66 billion as of July 4, 2024, marking a 13-month high.
Nigeria's external reserve rose hit a new milestone in June rising to $34.07 billion,the highest level since March 2024.
Nigeria’s gross external reserve has fallen to $35.74 billion dollars as of March 24, 2023. This is the lowest balance since September 20, 2021, when the reserves fell to $35.73 billion, according to data from the Central Bank of Nigeria (CBN).
The World Bank has stated that Nigeria's external reserves are expected to decline as the CBN is expected to clear $1.7 billion worth of FX backlog...
The Central Bank of Nigeria has attributed the drop in Nigeria's external reserves to the high cost of imported refined petroleum products.
Naira gained against the US dollar on Monday 19th April 2021 to close at N410.33/$1 as crude oil prices gained.
The volatility of Nigeria’s foreign exchange market seems to be heading towards the 2015 crisis era as the naira has further depreciated to N450 to a dollar in the parallel market