Nigeria’s foreign exchange reserves have been boosted from $37.20 billion on July 1, 2025, to $40.16 billion as of August 7, according to data published by the Central Bank of Nigeria (CBN).
Figures from the apex bank’s website show that the reserves stood at $32 billion when President Bola Tinubu assumed office on May 29, 2023, with a large portion reportedly encumbered.
The latest development is being viewed by analysts as a sign of improved economic management, with positive indicators also recorded in other sectors of the economy.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
