Nigeria’s foreign exchange reserves have declined for the first time in 25 weeks, raising fresh concerns about currency stability.
Nigeria’s foreign exchange (FX) reserves fell by $263.15 million to $45.21 billion as of December 17, 2025, according to the Central Bank of Nigeria (CBN). This marked the first decline in 25 weeks, ending a steady accumulation that peaked at $45.47 billion on December 12, the highest level in six years.
The drop followed three days of FX outflows and signals renewed pressure on Nigeria’s external position. Earlier gains were supported by a $2.4 billion Eurobond issuance in November, which helped push reserves up by $7.5 billion since June.
However, FX inflows plunged 67% in November to $2.0 billion, while foreign portfolio investment fell sharply and FDI dropped to $10.4 million. Rising seasonal dollar demand, debt repayments, and weaker inflows pressured the naira.
Despite the decline, reserves remain stronger than 2024 and 2023 levels, offering solid import cover, though analysts warn of continued fragility.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
