The Central Bank of Nigeria (CBN) announced a significant increase in the country's net foreign reserves, which reached $34.80 billion as of the end of 2025. This increase was attributed to the bank's continuous reforms and adjustments within the external sector. The CBN highlighted this performance as indicative of improvements in Nigeria's economic stability and external financial management over recent years, reflecting broader efforts to strengthen national economic resilience.

Olayemi Cardoso, the CBN governor, noted that the 51.0 percent year-over-year increase, from $23.11 billion at the end of 2024 to the current level, marked a substantial enhancement in Nigeria's external buffers. This $11.69 billion increase is seen not just as a fiscal achievement, but also as a step towards bolstering foreign investor confidence in Nigeria's economic landscape. Such improvements are critical in a country facing ongoing economic challenges, as they provide a cushion against external shocks.

The rise in the net reserves also correlates with an increase in gross external reserves, which climbed to $45.71 billion from $40.19 billion. This positions Nigeria on a more stable economic footing as it navigates both domestic and global financial environments. The CBN's strategies and reforms in managing reserves are vital in ensuring sustainable economic growth and attracting foreign investments in the future, creating a more favorable environment for business and economic expansion in Nigeria.