₦airaland Forum

Nigeria’s external reserves have climbed to an eight-month high of $40.15 billion, according to Central Bank of Nigeria (CBN) data, marking a 1.5% increase from $39.54 billion on August 1, 2025. The last time reserves were at this level was on January 20, 2025.

The naira has maintained relative stability across official and parallel markets:

•Official market (NFEM): ₦1,533.56/$ as of Friday, marginally weaker by 1.61% from Monday’s ₦1,531.95, but still up 0.5% year-to-date.

•Parallel market: Steady at ₦1,560/$ through the week, appreciating 6.4% year-to-date from ₦1,660 at the start of 2025.

The reserve build-up of $2.2 billion in July represents the largest monthly gain since July 2024. Analysts attribute this to:

•Increased offshore investor inflows
•Reduced FX demand due to lower import activity
•Improved macroeconomic stability and investor confidence

Reserves now cover 11.9 months of imports (8.2 months including services), providing the CBN with greater flexibility to sustain FX market interventions and keep the naira stable.

Market outlook suggests continued reserve growth, supported by persistent foreign inflows and anticipated external borrowings, with the naira projected to close 2025 within the ₦1,490–₦1,520/$ range.

These gains reflect President Bola Ahmed Tinubu’s Renewed Hope Agenda in action, reinforcing currency stability, investor confidence, and macroeconomic resilience.

— Kamorudeen Yusuf
Personal Assistant on Special Duties to the President
Federal Republic of Nigeria

Validated:
Please OP, how much is in Excess Crude Account? I hear it is zero, kindly confirm!

Una go explain tire ... OTP Loading!

israelmao:
Economic feats that don't reflect or translate into improvement on people's living conditions are vague and deficit of real meaning.

Mynd44:
The excess crude account should be zero because it is an illegal account in the first place.

Shawarmagirl:
You have said it all. Allow them be deceiving who they want to not me. As long as it does not reflect on people's life, it's fake.

allthingsgood:
Why are U always pained by good news..try go for deliverance o

guobe:
1,500 naira to a dollar is madness,1500 naira to a dollar us absolutely madness,1500 naira to a dollar is total madness.

Mynd44:
The excess crude account should be zero because it is an illegal account in the first place.

Gotocourt:
Reduced FX demand due to lower import activity

Who noticed MAN has been quiet. They are cashing out low-key on a steady. Time to take over the market of companies that have left.

Aspira company have taken over the soap and detergent (viva) market of northern Nigeria.

Mamuda company, makers of Pop cola and biscuits have taken over the northern markets. These companies are based in Kano State.

Coca-cola is presently having a good run for their money 🤫. I no longer see RC cola in the north again.

Transportation cost of goods from southern Nigeria have drastically reduced goods distribution.

allthingsgood:
I know that some cursed people will definitely be pained by this news. Any good news is a problem for the sick minds.

JuanDeDios:
It's not. A weak naira isn't a problem. An unstable naira is a problem. If we can keep the naira stable (even if it's N2000), businesses can plan and things will improve.

Mynd44:
The excess crude account should be zero because it is an illegal account in the first place.

helinues:
The reelection of president Tinubu, we have numerous projects to convince people without attacking, insulting or disrespecting them.

That's how we plan to win the election smoothly