Nigeria’s External Reserves Rise by $540 Million in Two Weeks

Nigeria’s external reserves rose by $540.28 million in the last two weeks of October, climbing from $42.63 billion on October 13 to $43.17 billion on October 30, 2025, according to data from the Central Bank of Nigeria (CBN).

The steady growth reflects a 1.3% increase over the two-week period and a 1.8% rise month-on-month from $42.40 billion at the start of October. The reserves recorded consistent daily gains, reaching their highest level of $43.17 billion on October 30.

Between October 13 and 30, the liquid reserves increased from $41.98 billion to $42.55 billion, adding $579.62 million. This improvement points to stronger foreign exchange liquidity for trade and monetary operations.

Meanwhile, blocked reserves—funds tied up in commitments or illiquid instruments—fell slightly from $656.45 million to $618.63 million, reducing their share of total reserves from 1.54% to 1.43%.

Overall, the data suggests a healthier reserve position and improved management of Nigeria’s external assets.