Nigeria’s forex reserves rise to $41bn

Nigeria’s foreign exchange (FX) reserves rose to $41 billion on August 19, 2025.

This is contained in a data published by the Central Bank of Nigeria (CBN).

The current record marks the highest level recorded since December 3, 2021.

Reserves climbed from $39.54 billion on 1 August to $41.00 billion by 19 August, a rise of about $1.46 billion, or 3.69 per cent, in less than three weeks.

The gains have been consistent across trading days, with only marginal pauses.

Naira trades N1,534/$ in official market

The threshold of $40 billion was crossed on 7 August, after reserves closed July below $39.4 billion. They advanced to $40.5 billion by 12 August and exceeded $41 billion a week later.

On average, reserves have grown by about $81 million daily in August, reflecting improved inflows relative to outflows.

The CBN said the rise strengthens its ability to stabilise the naira in the official market, manage liquidity, and resist speculative pressure.

At $41 billion, Nigeria is now in its strongest reserve position since late 2021.

The Star