Nigeria's External Reserves Reach $42.03 Billion, Highest in Six Years

Nigeria's external reserves hit a six-year high of $42.03 billion on September 19, 2025, according to the Central Bank of Nigeria (CBN). This marks a significant increase from the $30.36 billion recorded in December 2024, showcasing a steady recovery.

The reserves have been on an upward trend, with 13 consecutive daily gains in September. The recent surge is attributed to improved oil inflows and sustained foreign exchange demand.

This milestone reflects a positive economic outlook for Nigeria, indicating increased stability and potential for further growth in the country's financial reserves.