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.