Nigeria’s foreign reserves hit a new high in late October, reflecting stronger inflows, improved liquidity, and market confidence.
Nigeria’s external reserves rose by $540.28 million between October 13 and 30, 2025, climbing from $42.63 billion to $43.17 billion, according to the Central Bank of Nigeria (CBN). This marks a 1.3% growth in two weeks and 1.8% month-on-month.
Liquid reserves increased by $579.62 million, reaching $42.55 billion, while blocked reserves fell to $618.63 million, improving overall liquidity. Analysts say the steady rise reflects inflows from oil exports, remittances, and capital importation.
United Capital Research noted reserves now offer over eight months of import cover, enhancing naira stability and investor confidence. The firm added that the CBN’s 30-day moving average method smoothens short-term shifts, confirming Nigeria’s renewed external strength and macroeconomic stability heading into late 2025.
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