Nigerian foreign reserve has grown by $607.051 million in 14 days, a 1.66% from July 3 to July 16, 2025.
According to the data published by the Central Bank of Nigeria, Nigerian foreign reserve stands at $37.114 billion as at Thursday having grown from July 3 figure of $36.507 billion.
Reserves had experienced a consistent fall since late April falling from $37.840 billion to $36.507 in early July shedding about $1.333 billion.
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The highest the figure has attained in 2025 is $40.160 billion which occurred in January and the highest in 3 years which was attributed by CBN to “substantial reduction” in short-term foreign exchange liabilities, notably swaps and forward obligations. Sustenance of this uptick became elusive and reserves declined in the first quarter which continued through second quarter of 2025. This, according to Reuter, was due to seasonal factors and foreign debt interest payments.
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