Nigeria’s FX reserves surge to $41 billion for the 1st time since 2021
Nigeria’s foreign exchange reserves have surged to $41 billion, a four-year high not seen since December 3, 2021.
According to the Central Bank of Nigeria (CBN), the reserves reached this milestone on August 19, marking a significant increase of $890 million from $40.11 billion in July 2025.
This 2.19% rise is attributed to stronger inflows and tighter monetary policy, providing a crucial boost to Nigeria’s foreign exchange buffer amid ongoing economic challenges.
