Nigeria's Foreign Reserves Reach $48.5 Billion High

Nigeria's foreign reserves have climbed to $48.5 billion, marking the highest level since May 14, 2013, when reserves stood at $48.51 billion. This milestone reflects a steady upward trajectory that began in late 2025, with reserves increasing from approximately $44.8 billion to $45 billion, considered a six-year high threshold.

The rise in reserves is attributed to improved foreign exchange inflows and tighter liquidity management by the Central Bank of Nigeria (CBN). As of the end of 2025, reserves are projected to approximate $45.5 billion, up from $40.8 billion at the start of the year, indicating a nearly $4.7 billion increase.

The CBN aims to reach $51 billion as part of its medium-term strategy to strengthen balance of payments resilience and moderate currency volatility, enhancing Nigeria's ability to meet external obligations and improve investor sentiment.