Nigeria’s external reserves climbed to $42.225 billion as of September 25, 2025, reflecting an increase of more than $5 billion in the third quarter, according to figures released by the Central Bank of Nigeria (CBN).
The growth was driven by higher crude oil exports, stronger remittance inflows, and renewed investor confidence in the economy.
September recorded steady foreign exchange inflows that further boosted the reserves. Analysts note that improved crude production, which allowed Nigeria to meet its OPEC quota, alongside the commencement of export activities by Dangote Refinery, played a key role in strengthening the country’s reserve position.
The reserve build-up provides a buffer for the naira amid ongoing currency reforms and external pressures on emerging markets
Leave a Reply