₦airaland Forum

Breaking: Nigeria’s foreign reserves hit seven-year high, reach $46.7 billion – CBN

Nigeria’s foreign reserves have climbed to $46.7 billion, the highest level since 2018, driven by renewed investor confidence, improved oil receipts and stronger balance-of-payments inflows, the Central Bank of Nigeria said on Tuesday.

CBN Governor, Olayemi Cardoso, represented by the Deputy Governor in charge of Economic Policy, Dr Muhammad Abdullahi, disclosed this in Abuja at the 20th Anniversary of the Monetary Policy Department (MPD).

Cardoso said the latest reserve position, recorded on November 14, 2025, provides 10.3 months of import cover, describing it as a major milestone in the Bank’s reform programme. “Foreign reserves have risen to $46.7 billion… supported by sustained inflows and renewed investor participation across various asset classes,” he said.

He linked the sharp rise to stronger portfolio inflows, improved oil receipts, and policies that have stabilised the foreign exchange market. According to him, the naira has continued to firm up, while the spread between the official and Bureau-de-Change segments has narrowed to below two per cent — a development he said reflects restored confidence.

Cardoso noted that inflationary pressures were also easing. Headline inflation slowed to 16.05% in October 2025, down from 34.6% in November 2024. He described the decline as “seven consecutive months of disinflation” and “the lowest in three years”, adding that core inflation had also begun to soften.

Reforms, trust and improved global ratings
The CBN governor said recent reforms had reshaped investor sentiment and strengthened Nigeria’s macroeconomic outlook. “All the three top international ratings agencies upgraded Nigeria,” he said, citing S&P Global Ratings’ revision of the country’s outlook from stable to positive. He added that Nigeria’s removal from the FATF Grey List marked another step in restoring credibility within the international financial system, opening doors to improved trade finance and investment flows.

According to him, the combined effect of rising reserves, a stronger naira, slowing inflation and better ratings has created “a more competitive currency, improved trade balances, and a stronger foundation for inclusive development.”

Cardoso used the anniversary to highlight the MPD’s central role in monetary-policy evolution over two decades. He credited the department with major reforms, including the introduction of the Monetary Policy Rate in 2006, the interest-rate corridor system, enhanced policy communication and the national shift toward an inflation-targeting monetary framework.

However, he emphasised that future challenges remained significant, noting ongoing global shocks, commodity-price swings and structural imbalances. “The Department must remain agile and forward-looking,” he said, urging deeper analytical capacity, improved modelling tools and greater use of technology and big data to strengthen policy decisions.

He stressed that transitioning to a full inflation-targeting regime was one of the Bank’s most important tasks. “Inflation targeting will enhance transparency, improve credibility, and strengthen the effectiveness of monetary policy transmission,” he said.

What you should know
Nigeria’s reserve surge comes less than two weeks after the Federal Government raised funds from international markets in its latest dual-tranche Eurobond issuance.

Nairametrics earlier reported that Nigeria achieved a major milestone in its return to the international capital markets, successfully raising $2.35 billion through Eurobonds issuance that drew an unprecedented $13 billion in investor orders — the largest-ever orderbook in the nation’s history.

The Debt Management Office (DMO), in a statement, described the issuance as a landmark success that demonstrates global investor confidence in Nigeria’s economic reforms, fiscal discipline, and long-term growth trajectory.

https://nairametrics.com/2025/11/18/nigerias-foreign-reserves-hit-seven-year-high-reach-46-7-billion-cbn/

Deliberate distraction!!!

Back to the matter: INSECURITY is destroying Nigeria. Fix it.

Good. We are focusing about the positive news from Nigeria not the other news that elevate the bitter people of Nigeria

Ahead ahead Nigeria

It has no effect on the poor masses.

Nigeria's reserves and economy should be worth trillions of dollars if not for the brazen stealing and embezzlement of our revenue sources.

Another Lamba! and you will hear FG wanting to borrow and waiting for an approval

Make Seun dey deceived himself

Borrowing and foreign debts na how many year high?

Good day house, pls can someone educate me on the above because we keep borrowing.. Thanks

2000/$ by December 2024 in the mud

Any reserve that doesn't have impact on masses is nonsense

Hunger reserve
It's where our food is going
2 meals out of 3 daily meals deleted to keep it in a foreign reserve
BBOF Bring Back Our F ood

nbisi:
Good day house, pls can someone educate me on the above because we keep borrowing.. Thanks

Foreign reserves are a country's holdings of foreign currencies, gold, and other assets, managed by its central bank or monetary authority. They are used to settle international transactions, stabilize the domestic currency's exchange rate, and provide a buffer during economic crises.
Purpose and uses
International trade and payments: Reserves provide the necessary foreign currency to pay for imports and other international obligations without putting excessive pressure on the domestic currency.
Exchange rate stability: Central banks can intervene in the foreign exchange market by selling their foreign reserves to influence and stabilize their domestic currency's value.
Economic stability: Reserves act as a financial buffer to protect against balance of payments deficits and other economic shocks or crises.
International confidence: A healthy level of foreign reserves can boost confidence in a country's financial markets.
Components of foreign reserves
Foreign currencies: Major global currencies like the US dollar, Euro, and Japanese yen are commonly held.
Gold: Many countries hold a portion of their reserves in the form of gold.
Special Drawing Rights (SDRs): These are international reserve assets created by the International Monetary Fund (IMF).
Securities: This can include government bonds and treasury bills from other countries.
Deposits: Central banks hold reserves as deposits in other countries' central banks or institutions like the Bank for International Settlements.

Copied

Na statistics we go chop?

festacman:
Deliberate distraction!!!

Back to the matter: INSECURITY is destroying Nigeria. Fix it.

Two truths can co-exist.

Don't you think?

nbisi:
Good day house, pls can someone educate me on the above because we keep borrowing.. Thanks

If you are working, do you spend all your salary before the month end? You need savings for when things will be down.

We are not using all our hands to eat now under this government

Good one.

Then why are we still borrowing? Why can't we use our money to develop ourselves but rather keep it in Western Banks Vaults and still approach same for Loans?

Please can some9ne explain this for me?

Hide
Your
Dollar
Close
To
Your
Chest
Geng how far

Dangote
Already
Said
It
Confirmed by BUA

Dollar is going down.

If you like
Hoard,
If you like sell.

Na you sabi

How does it affect the lives of a common man out there?

I can't even believe them...these hawks.

Fake news, no evidence.

Just to give the notion that Tinubu knows what he's doing. All lies.

Ijaya123:
Two truths can co-exist.

Don't you think?

Borrow borrow government wants to distract us again.

Ikaeniyan0:
2000/$ by December 2024 in the mud

Aisha, the fake financial expert must have misled people

Kudos to the government and the CBN on this one. Very commendable. Please keep it up.

God bless Nigeria. Building a strong cureny, bulding investors confidecne

High foreign reserves with weak currency and low exports is a misnomer
It only shows that FPIs are having a field day feasting on the economy while demand and purchasing power, real indices for quality of life suffers for it
This is more or less voodoo economics

Congratulations to those that will benefit from this

Here’s the thing: when a country like Nigeria builds up strong foreign reserves, it’s not just stacking dollars for bragging rights. It changes how stable and confident the entire economy feels. Here are the real upsides:

1. It protects the currency
With solid reserves, the central bank can step in when the naira is under pressure. That helps reduce wild swings and makes the currency feel less shaky.

2. It boosts investor confidence
Foreign investors pay attention to reserves. High reserves tell them the country can meet its obligations, so they’re more willing to bring in capital instead of running for the exit at the slightest shock.

3. It helps pay for imports during tough times
If oil prices crash or there’s a global slowdown, reserves act like a buffer. Nigeria can still pay for essentials like fuel, machinery and medicine without scrambling.

4. It reduces borrowing pressure
A country with healthy reserves doesn’t need to borrow as aggressively. That means lower debt servicing costs and more breathing room in the budget.

5. It strengthens the country’s position in international trade
When you can meet trade payments easily, partners trust you more. That trust makes negotiations smoother and trade flows more stable.

6. It shields the economy from shocks
Think of reserves as an emergency fund. Whether it’s a sudden drop in oil revenue or a global financial scare, the reserves help keep things steady while the storm passes.

7. It supports long-term economic planning
Predictability matters. Stable reserves allow the government to plan budgets, projects and policies without constant panic about external pressures.

Ikaeniyan0:
2000/$ by December 2024 in the mud

Is 216 naira to a dollar okay?

Na statistics we go chop?

E remain one year make me return to where buhari been meet us.

What impact does it make in the life of an average Nigerian?

Manipulated figures . Seun left nyash

Tinubu is the best president we've had since Yaradua