Abuja, Aug. 4, 2025 – Nigeria’s gross external reserve has risen to $39.359 billion as of July 2025.
The Central Bank of Nigeria CBN) disclosed this at the weekend.
It said the reserve rose significantly by $2.15 billion in July from $37.210 billion at the end of June 2025.
The apex bank attributed the significant rise of the reserve during the month to a decrease in its interventions in the foreign exchange market during the month, increased oil production output and strong interest by foreign portfolio investors in the Nigerian market, amongst others.
The reserve can finance far in excess of six months of Nigeria’s current imports
