By IDNN Economy Desk
Nigeria’s external reserves rose to $42.03bn on September 19, 2025, their highest level since September 2019, according to CBN data. The six-year peak follows steady inflows from crude exports, remittances, and portfolio investments.
The reserves have gained $4.85bn since July, when they plunged to $37.18bn — their lowest in 2025. The rebound signals resilience and enhances Nigeria’s import cover and credit credibility.
How Nigeria’s Past Shapes Today’s Recovery
Reserves had been battered in recent years by weak oil prices, capital reversals, and FX interventions. The consistent rally in September marks 13 consecutive daily increases, averaging $47m daily. Analysts project reserves could rise further to $45bn by year-end if inflows continue.
Why This Matters for the Naira and Economy
Stronger reserves bolster the CBN’s ability to stabilise the naira in both official and parallel markets. Economists say the surge could attract new portfolio inflows and ease concerns about debt servicing. However, risks remain if oil production falters or global financial volatility intensifies.
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