Nigeria’s economic outlook received a major boost this week as the nation’s foreign exchange reserves surged beyond the $45 billion mark for the first time in more than six years, fresh figures from the Central Bank of Nigeria (CBN) have confirmed.
According to the new data, the reserves now stand at $45.04 billion, a level last recorded on July 23, 2019. The feat follows an impressive and rapid accumulation trend, with nearly $5 billion added in just a few months—a remarkable rebound at a time when several emerging economies are battling currency volatility and shrinking reserves.
The latest milestone builds on earlier reports showing reserves hitting $42.03 billion on September 19, 2025, then the highest in 72 months. Analysts say this upward trajectory signals renewed investor confidence, improved FX inflows, and the impact of recent monetary reforms.
Economic watchers note that while challenges remain, Nigeria’s strengthened external buffers offer greater stability for the naira, enhance the country’s creditworthiness, and broaden the CBN’s capacity to defend the currency when necessary.
For a nation long strained by FX pressures, the crossing of the $45 billion threshold marks a symbolic and strategic turning point—an encouraging sign that Nigeria’s economic recovery is gaining firmer ground.
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