Nigeria's External Reserves Reach $43.32 Billion, Up 8.2% Year-on-Year

Nigeria's external reserves rose to $43.32 billion in November 2025, marking an 8.2% increase from the previous year. The data from the Central Bank of Nigeria (CBN) revealed a steady accumulation, reflecting improvements in foreign exchange inflows, including oil revenues, non-oil exports, and increased investor confidence due to financial reforms.

The reserves serve as a vital buffer for exchange rate management, external obligations, and support for tighter monetary policies. Despite fluctuations in reserves over the months, there was an overall positive trend, with gains driven by factors like oil price swings, remittances, and foreign exchange reforms.