Central Bank of Nigeria (CBN) has revealed that Nigeria’s external reserves climbed to $42.03 billion on September 19, 2025, reaching their highest level since September 2019.
Gatekeepers News reports that the balance rose from $41.99 billion the previous day to $42.42 billion at the start of the month. The last time reserves were higher was on September 26, 2019, when they stood at $42.05 billion.
So far in September 2025, the reserves have recorded gains in 13 of 14 trading days, adding $610.8 million, or 1.47 percent. In just four business days between September 15 and 19, they rose by almost $583 million. Compared with August 29, when they were $41.31 billion, the balance is now stronger by $727.3 million, a 1.76 percent increase.
Year-to-date, reserves have grown by $1.15 billion, or 2.83 percent, from $40.88 billion at the end of 2024. This follows a recovery from July’s low of $37.18 billion, marking a rebound of $4.85 billion in just over two months.
The new milestone boosts market confidence, strengthens Nigeria’s import cover, and enhances the CBN’s ability to stabilize the foreign exchange market.
However, sustaining reserves above $42 billion will depend on steady inflows from oil sales, non-oil exports, remittances, and foreign investments.
