Nigeria’s external reserves hit a six-year high, rising above $45 billion mark, in a historical move.
Latest data released by the Central Bank of Nigeria (CBN) showed that such a peak was last recorded on July 23, 2019, when they stood at $45.04 billion.
The external buffers now stand at $45.04 billion, after climbing to $42.03 billion on September 19, 2025.
This means the nation has added nearly $5 billion to its reserves within a short period.
The rise in the country’s external reserves is not a one-off spike but a steady, consistent accumulation that reflects improving foreign exchange conditions.
A breakdown showed that November began with reserves at $43.26 billion, maintaining a firm hold above the $43 billion threshold for several days.
By November 18, the reserves climbed to $44.05 billion, closing at $44.67 billion, one of the strongest month-end positions recorded in recent times.
The increase tiptoed into December, with the reserves starting the month still within the $44 billion range.
On December 4, Nigeria’s external reserves then crossed the $45 billion mark, indicating robust FX liquidity.