Nigeria’s net foreign exchange reserves rose to $34.80 billion at the end of 2025, marking a sharp improvement in the country’s external liquidity position, according to the Governor of the Central Bank of Nigeria, Olayemi Cardoso.
In a statement issued on Monday by the CBN, it was noted that Cardoso disclosed that net reserves increased from $23.11 billion at the end of 2024 to $34.80 billion at the close of 2025, representing a $11.69 billion rise within one year.
The figure also reflects a significant recovery from $3.99 billion at the end of 2023, signalling what the apex bank described as a marked improvement in reserve quality over a two-year period.
In a statement issued on Monday by the CBN, it was noted that Cardoso disclosed that net reserves increased from $23.11 billion at the end of 2024 to $34.80 billion at the close of 2025, representing a $11.69 billion rise within one year.
The figure also reflects a significant recovery from $3.99 billion at the end of 2023, signalling what the apex bank described as a marked improvement in reserve quality over a two-year period.