₦airaland Forum

🇳🇬NIGERIA'S NET FOREIGN EXCHANGE RESERVE

2021 — $14.59 billion
2022 — $8.19 billion
2023 — $3.99 billion
2024 — $23.11 billion
May 2025 — $5.96 billion

FX inflows surged by 62 percent month-on-month in May 2025 to reach $5.96 billion, one of the highest levels in recent times.

#Statisense
(CBN)


The post highlights Nigeria's fluctuating foreign exchange reserves, dropping from $14.59 billion in 2021 to $3.99 billion in 2023, then surging to $23.11 billion in 2024, before a reported $5.96 billion inflow in May 2025, reflecting volatile economic policies and market reforms, including the Central Bank of Nigeria's recent shift to automate FX trades starting December 2024 to boost transparency.

Confusion in the data presentation stems from unclear differentiation between annual reserves and monthly inflows, as May 2025's $5.96 billion represents a 62% month-on-month surge rather than the total reserve, aligning with a Q1 2025 net inflow of $15.20 billion reported by Nairametrics, suggesting a rebound driven by investor confidence and diaspora remittances.

Historical context reveals Nigeria's reserves hit a peak of $62.1 billion in September 2008 per CEIC data, yet recent economic forecasts from PwC warn of potential 2025 challenges like naira pressure and GDP growth decline due to global trade tensions, challenging optimistic projections like the $45 billion reserve target for December 2025.

peculiar2233:
APC have finished Nigeria patapata.
God deliver us from this evil government ooo

Melagros:
COMRADES, I swear to God Nigeria is doomladen under the watch of APC. I don't know whether I did not see it well, is it 5billion dollars or 56billion dollars?

aseyi24:
How sure are you about this information.. which bank the money dey make we know.. let the bank confirm the transaction.

Melagros:
COMRADES, I swear to God Nigeria is doomladen under the watch of APC. I don't know whether I did not see it well, is it 5billion dollars or 56billion dollars?

socialmediaman:
This government emptied Nigeria's reserve even after floating the naira and removing subsidy. Still there's extreme hardship and insecurity.

peculiar2233:
APC have finished Nigeria patapata.
God deliver us from this evil government ooo

TouchNfollow:
https://x.com/StatiSense/status/1944809661720666195?t=Y4kqjNWJnzEgJVzXNX690w&s=08[/quote]School no be scam, go school, these ones say no..They don't know the meaning of a net reserve 😂. And then they can't understand the comparison between the annual net reserves in 2021, 2022, 2023, 2024 and the month of May, 2025 - the net reserve is not for the year 2025 but as at May, 2025.
I'm sure if the OP understood the article, he would not have carried the news because the OP is one of the bitter people.

helinues:
This one missed basic economic class in secondary school

Poor you

oche2020:
62% is a very good mark, more progress to the country

Not enough content to make it 40 word's so I was just told

zero8zero:
School no be scam, go school, these ones say no..They don't know the meaning of a net reserve 😂. And then they can't understand the comparison between the annual net reserves in 2021, 2022, 2023, 2024 and the month of May, 2025 - the net reserve is not for the year 2025 but as at May, 2025.
I'm sure if the OP understood the article, he would not have carried the news because the OP is one of the bitter people.

https://www.reactiongifs.com/r/2013/10/funny.gif

Adebaba1:
this is a good sign
its just a matter of time before the economy bounces back
please let us be patient with BAT
Changing government again will alter our trajectory
Rwanda is what it is today because of the long tenure of kagame

lexy2014:
HOW DOES THE FOREX INFLOW SUGGEST PROGRESS FOR THE COUNTRY?

Ibehchizzy:
Apc and yelo bar no difference..,
they fail at everything they touch

Melagros:
COMRADES, I swear to God Nigeria is doomladen under the watch of APC. I don't know whether I did not see it well, is it 5billion dollars or 56billion dollars?

Melagros:
COMRADES, I swear to God Nigeria is doomladen under the watch of APC. I don't know whether I did not see it well, is it 5billion dollars or 56billion dollars?

wellmax:
Good one. But many people will misinterpret this breakthrough.

It says highest month to end , we’re expecting final figure for the year to be much higher than previous years at this rate.

God bless President Tinubu

God bless Nigeria

ZoomTravels:
They probably shouldn’t have voted for Obi in Osun, maybe that’s why he lost. The success of Ojukwu lives on 😂😂😂😂