Naira to dollar: Nigeria’s external reserves up by $890m to $41bn
[NigerianEye - Nigeria] - 22/08/2025
Nigeria’s external reserves rose to $41 billion as of Tuesday, August 2025, up from the N40.11 billion mark in July 2025. This is according to the Central Bank of Nigeria’s external reserves data on its official website, Wednesday. This showed that the country’s external reserves increased by $0.89 billion, that is, $890 million, or 2.19 percent, in the last month. Recall that the apex bank governor, Olayemi Cardoso, at the 301st Monetary Policy Committee, said the country’s external reserves rose to $40.11 billion in July. Cardoso had noted that development is an indication of a (…)
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