Nigeria's External Reserves Reach $45.49 Billion in 2025 Despite Oil Sector Challenges

Nigeria's external reserves ended 2025 at $45.49 billion, with the local currency strengthening by 0.69% to close at N1,435.76 against the dollar. The Central Bank of Nigeria's interventions in the foreign exchange market helped cushion the impact of reduced dollar inflows towards the year-end.

Despite a decline in crude oil production year-on-year, Nigeria's gross external reserves increased to $45.889 billion by December 30, 2025. The Nigerian Upstream Petroleum Regulatory Commission reported a decrease in crude oil and condensate production, impacting the country's oil output.