Nigeria’s foreign exchange (FX) reserves have risen to $41 billion as of August 19, 2025, representing the highest level since December 3, 2021.
Latest data from the Central Bank of Nigeria (CBN) show that the reserves grew by 3.69 per cent within 19 days, climbing from $39.54 billion on August 1 to $41 billion. This translates to an increase of about $1.46 billion month-to-date.
The build-up has been consistent since the start of August, with reserves advancing from $39.54 billion on August 1 to $39.99 billion on August 6. By August 7, the threshold of $40 billion was crossed, rising further to $40.5 billion on August 12 and eventually hitting $41 billion a week later.
On average, the nation’s reserves have grown by roughly $81 million daily in August, pointing to improved FX inflows relative to outflows. Analysts say this performance strengthens the CBN’s capacity to stabilise the naira in the official market, manage liquidity, and resist speculative pressures.
The steady accretion reflects renewed investor confidence and improved dollar inflows into the economy, bolstering the country’s external buffers at a time of heightened demand for foreign exchange.
