Nigeria’s foreign exchange reserves have climbed to $41 billion as of August 19, 2025, marking the country’s strongest external buffer in nearly four years.

Data published by the Central Bank of Nigeria (CBN) shows this is the highest level since December 3, 2021, underscoring a steady trend of external accretion in recent weeks.

The rebound reflects improved foreign inflows, increased oil receipts, and tighter monetary measures aimed at stabilizing the naira and restoring investor confidence.

Analysts note that the strengthening reserve position provides the apex bank with greater capacity to manage currency volatility, support imports, and reassure international partners about Nigeria’s economic resilience.

The development is widely seen as a positive indicator for macroeconomic stability and growth prospects.