Nigeria’s economic recovery is gaining traction, with the Central Bank of Nigeria (CBN) reporting that the country’s external foreign-exchange reserves have risen to US $46.7 billion, the highest level in nearly seven years.
That surge reflects renewed investor confidence and stronger inflows.
According to the CBN Governor, increased oil receipts, robust portfolio and foreign-investment flows, and improved balance-of-payments dynamics are driving the buildup.
Complementing this stability, the bank also revealed that foreign capital inflows into Nigeria reached US $20.98 billion between January and October 2025 — a sharp jump compared with previous years.
Analysts say the inflows and growing reserves improve Nigeria’s capacity to cover imports, stabilise the naira, and reduce dependence on external borrowing.
These developments come amid broad macroeconomic reforms, which the CBN says are improving fiscal discipline and restoring market confidence.
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