- Under Tinubu, Nigeria Records Strongest Reserve Level Since 2019
- Analysts attribute the surge to improved crude oil earnings
- The figure represents a sharp rise from $42.03 billion on September 19, adding nearly $5 billion in under three months
Under President Bola Tinubu’s administration, Nigeria’s external reserves have climbed to a six-year high, reaching $45.04 billion as of December 4, 2025, according to new data from the Central Bank of Nigeria (CBN).
Eko Hot Blog reports that this is the strongest reserves position Nigeria has recorded since July 23, 2019, matching the same level last seen six years ago.
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The figure represents a sharp rise from $42.03 billion on September 19, adding nearly $5 billion in under three months.
Analysts attribute the surge to improved crude oil earnings, Eurobond-linked inflows, and possible support from multilateral institutions. A stronger reserve buffer enhances the CBN’s ability to stabilise the foreign exchange market.
Despite the positive reserves trend, the naira weakened to its lowest point in two months last week, closing at N1,450.43/$1 on Friday.
FURTHER READING
- Tinubu Tasks Federal Universities on Sustainable Funding, Infrastructure Upgrade
- Shettima Leaves Abuja For Côte d’Ivoire As Tinubu’s Representative
- US Congressional Delegation Visits Nigeria For Security Talks
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