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    MarketForces Africa » MarketForces News » Nigeria’s Gross External Reserves Increase to $42.865 billion

    Nigeria’s Gross External Reserves Increase to $42.865 billion

    Julius AlagbeBy Julius AlagbeOctober 24, 2025Updated:October 24, 2025 News No Comments1 Min Read
    Nigeria’s Gross External Reserves Increase to $42.865 billion
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    Nigeria’s Gross External Reserves Increase to $42.865 billion

    Nigeria’s gross external reserves climbed to $42.865 billion on Wednesday, and most projections sampled by MarketForces Africa showed the year-end balance will reach $43 billion.

    The foreign reserves balance is noted to provide liquidity cover for about 12 months of imports, and the net position has surpassed the pre-naira reform era.

    Key drivers of the accretion into the foreign reserves are increases in hydrocarbon earnings, foreign portfolio investment flows and remittances.

    Updated data from the Central Bank of Nigeria (CBN) shows that the currency external reserves balance is the highest seen since 2019.

    Nigeria opened the year with $40.877 billion, with bumps and troughs before peaking on account of a solid FX inflows record from foreign portfolio investors and FX receipts from hydrocarbon sales.

    Lafarge Africa Grows Profit by 246%, Retains Positive Outlook

    FX Reserves
    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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