NIGERIA’S foreign exchange reserves have surged to their strongest level in seven years, hitting $46.7bn as of November 14, 2025, the Central Bank of Nigeria announced on Tuesday.
CBN Governor, Olayemi Cardoso, represented by the Deputy Governor in charge of Economic Policy, Dr Muhammad Abdullahi, said the reserves had reached a new high level, the first time the country has attained such a level since 2018.
Speaking in Abuja at the 20th Anniversary of the Monetary Policy Department, Cardoso said the reserves milestone reflected renewed investor confidence, improved oil receipts, and stronger balance-of-payments inflows.