₦airaland Forum

Nigeria’s external reserves have climbed to $40.11 billion as of July 2025, according to the Central Bank Governor, Yemi Cardoso.

He disclosed this during the Monetary Policy Committee (MPC) briefing held on Monday, July 22, 2025.

Cardoso noted that the $40.11 billion reserve level represents approximately 9.5 months of import cover, signaling a significant boost to Nigeria’s foreign currency buffer.

This is the highest level recorded since November 2024 when it hit $40.2 billion

making this a significant rebound in Nigeria’s foreign currency buffers amid ongoing efforts to stabilize the exchange rate and rebuild investor confidence.

Key Economic Indicators
The CBN also reported sustained stability in the foreign exchange market, citing increased capital inflows, improved crude oil production, rising non-oil exports, and reduced imports.

Gross External Reserves: $40.11 billion, sufficient for 9.5 months of import cover

Capital Inflows: Increased inflows contributing to stability in the foreign exchange market
Crude Oil Production: Improved production levels supporting economic stability
Non-Oil Exports: Rising exports contributing to economic growth
Imports: Reduced imports aiding stability in the foreign exchange market

Inflation Outlook
Cardoso noted that staff projections indicate a continued decline in inflation in the coming months, driven by:

Tight Monetary Policy: Supporting price stability and reducing inflation
Stable Exchange Rates: Contributing to reduced inflationary pressures
Declining PMS Prices: Lower prices for petroleum products aiding inflation reduction
Harvest Season: Expected to increase food supply and reduce prices.
The CBN’s Monetary Policy Committee (MPC) is scheduled to meet again on September 22 and 23 to review the country’s economic performance and make further policy decisions.

Economic Growth and Inflation Projections

The International Monetary Fund (IMF) projected Nigeria’s inflation rate to decline to 23% in 2025 and further to 18% in 2026.

The Fund also expects the country’s economic growth to rise from 2.9% in the previous year to 3.3% in the current year, driven by recovery in the oil sector and advancements in agriculture.

Source: https://nairametrics.com/2025/07/22/external-reserves-hit-40-1-billion-in-july-2025-cardoso/

That is some legendary news.

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Haters of good news will tell you how does it affect the price of rice and garri.

I hope dollar goes down to Atleast 700 naira to 1 dollar. God do am for us.

forgiveness:
I hope dollar goes down to Atlanta 700 naira to 1 dollar. God do am for us.

Impossible. Naira the trash is falling and has fallen forever, never to recover.

[quote author=ALTERNATEID post=136188566]Haters of good news will tell you how does it affect the price of rice and garri.[/quote

God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)

Yesterday was about the tremendous all time high of the Nigerian stock exchange, and today, it’s about out external reserve hitting a high.

Haters will still not commend the great administration of His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR).

Having a leader like His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR) is the best thing that can happen to any nation.

God bless His Excellency, President Asiwaju Bola Ahmed Tinubu (GCFR)!

Still not enough to get me excited but progress is being made nevertheless. I trust Jagaban to quadruple that figure before he leaves office in 2031.🗿

ALTERNATEID:
Haters of good news will tell you how does it affect the price of rice and garri.

They feed only on rice and garri which explains why their eyesight is so bad they can hardly see the progress being made in various sectors.

Say JAGABAN

But I want to see the positive effect on the masses.

I stand with JAGABAN

Poormanpikin:
Impossible. Naira the trash is falling and has fallen forever, never to recover.

Hatred and bitterness are incurable terminal diseases

And we are still borrowing like graves, when you finished cooking the books, you will eat your lies.

Obidients: Tinubu has destroyed Nigeria..why should our reserves be growing?

Great one for the team Nigeria will be great a new Nigeria is possible

Young minds are coming

Affordable quality

And multi dimensional poverty is still hitting the country from all angles

How can we verify this is true.
I can't trust this current government

GATHERING momentum towards 2027 i guess. Who else thinks so?

U mean Mark Zuckerberg get money pass Nigeria. Make we no even mention d top rich guyz

They just keep lying and lying nothing is working. Money market and stocks falling and they keep lying 🤥 .

iwaeda:
And we are still borrowing like graves, when you finished cooking the books, you will eat your lies.

On the day others are happy, may you keep sorrowing.

LegendHero:
Source: https://nairametrics.com/2025/07/22/external-reserves-hit-40-1-billion-in-july-2025-cardoso/

So na external reserves Nigerians go eat now?

When exactly will this surplus start putting food on tables and money in pockets?

Tolu2024:
They just keep lying and lying nothing is working. Money market and stocks falling and they keep lying 🤥 .

The fact that it is not working for you doesn't mean it's not working for others.
Don't generalise your mis4tune.

free2ryhme:
Na external reserves Nigerians wan chop

when will this external reserves surplus translate to food on tables and money in pockets

They are here.
Ofe nsala economists.
Beer and nkwobi policy analysts.

Coldspice:
The fact that it is not working for you doesn't mean it's not working for others.
Don't generalise your mis4tune.

What is working in the country forget party and tribe just be honest.

ALTERNATEID:
Haters of good news will tell you how does it affect the price of rice and garri.

External reserves don full—great. But can we eat that?
When will it start showing up as food on the table and cash in the pocket?

Tolu2024:
What is working in the country forget party and tribe just be honest.

What do you do for a living?
Let's see where to trace your problems from.

Coldspice:
They are here.
Ofe nsala economists.
Beer and nkwobi policy analysts.

Ah yes, because anyone who questions the system or demands accountability must clearly be doing it over a plate of nkwobi and a cold beer.

Funny how the real analysts who cheer every press release without scrutiny are the ones mistaking vibes for vision.

Call it what you like, but if the so-called beer parlor analysts are the only ones asking the right questions, maybe the real problem isn’t the menu it’s the silence from the kitchen.

UpaIweka:
This is not possible at all with how obidient ipob claim that Tinubu as been eating dollar raw how can external reserve be hitting 40 billion plus ?!

Upper lweka na him you turn to UPAIWEKA , Hahaha Una go kill person with laugh for nairaland, and for using that moniker to look for kasala, l will res.trict your accou..nt for 500 million years....... hahaha 🤣