Nigeria's Foreign Reserves Surge to $43.17 Billion in Two Weeks
Nigeria's external reserves have surged by $540.28 million in just two weeks, hitting a total of $43.17 billion by the end of October 2025. The Central Bank of Nigeria (CBN) data reveals a steady growth rate, with a 1.3% increase over two weeks and 1.8% month-on-month rise.
The rise in reserves is attributed to consistent inflows from sources like oil exports, remittances, and capital imports. This growth is seen as a positive sign for Nigeria's external position, providing stability for the currency and enhancing trade balances.
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