Nigeria’s foreign reserves have climbed to $46.7 billion, the highest level since 2018, driven by renewed investor confidence, improved oil receipts and stronger balance-of-payments inflows, the Central Bank of Nigeria said on Tuesday.
CBN Governor, Olayemi Cardoso, represented by the Deputy Governor in charge of Economic Policy, Dr Muhammad Abdullahi, disclosed this in Abuja at the 20th Anniversary of the Monetary Policy Department (MPD).
Cardoso said the latest reserve position, recorded on November 14, 2025, provides 10.3 months of import cover, describing it as a major milestone in the Bank’s reform programme. “Foreign reserves have risen to $46.7 billion… supported by sustained inflows and renewed investor participation across various asset classes,” he said.