Reforms: FX Inflows, Price Stability Keep Reserves at $41bn

Nigeria's foreign reserves have reached $41 billion as of August 13, 2025, driven by increased forex inflows and a rise in crude oil output. The Central Bank of Nigeria reported that the reserves have been steadily growing, contributing to price stability and a decline in inflation rates.

The country's economy has benefited from ongoing reforms, with the foreign reserves covering 10 months of imports. Additionally, the naira has shown stability, with inflation rates decreasing for the fourth consecutive month.

The World Trade Organization's Ngozi Okonjo-Iweala praised the government's economic reforms for stabilizing the economy and emphasized the need for continued growth and social safety nets. The increase in oil production and FX reforms have also played a significant role in boosting reserves.

The CBN's efforts to attract more forex inflows, particularly through diaspora remittances, have been instrumental in maintaining stability and supporting economic growth. Financial experts have noted improvements in various sectors, such as agriculture and security,.