Nigeria’s FX Reserves Hit Five-Year High of $43.4bn, Signals Economic Stability
[NigerianEye - Nigeria] - 16/10/2025
Nigeria’s foreign exchange (FX) reserves have surged to a five-year high of $43.4 billion, providing 11 months of import cover, according to Mohammed Abdullahi, Deputy Governor of the Central Bank of Nigeria (CBN) for Economic Policy. Speaking at the Nigeria Investors Forum on the sidelines of the IMF–World Bank annual meetings in Washington, D.C., Abdullahi highlighted the milestone, achieved on October 10, as a testament to Nigeria’s ongoing economic reforms.“Our gross reserves are at a five-year high of $43.4 billion as of October 10, enough to cover 11 months of imports,” Abdullahi (…)
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