Nigeria FX Reserve Don Jump Reach $42.03bn – Highest Level in 6 Years

CBN confirm say dollar reserve don climb steady since July, boost confidence for market.

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Nigeria external reserves don climb reach $42.03 billion as at September 19, 2025 — the highest level wey Naija don see since 2019.

According to Central Bank of Nigeria (CBN) report, the reserve don dey go up steady from $41.42bn for beginning of September to $42.03bn now. The last time e pass this level na September 26, 2019, when e reach $42.05bn.

CBN data show say this na 13 straight days wey reserve dey rise, no single break. From September 1 to 19, Naija don add $610.8 million, average of $47m per day.

For only September 15 to 19, reserve add almost $583m, show say FX inflow dey improve and outflow dey control. Compared to August 29 wey reserve bin dey $41.3bn, Naija don gain extra $727.3m (1.76%).

Year-to-Date Performance

Since January 2025, reserve don grow by $1.15bn (2.83%). Even though e drop reach $37.18bn for July — the lowest point of 2025 — e don recover with strong $4.85bn bounce back (13.05%).

Wetin E Mean for Economy

This level go help CBN balance FX wahala, boost import cover, and show investors say Naija dey serious with policy. Analysts believe say this milestone fit attract more foreign money if government keep policies steady.

But experts still dey warn: if oil production drop or crude price fall, e fit spoil the run. On the other hand, if oil volume go up and CBN keep FX operations transparent, Naija fit even pass the 2019 record.

As e be, September don turn 2025 reserves story from weakness to big recovery. The next test be whether Naija fit keep am steady till December.

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