
Nigeria's Currency Stabilizes with Strong $45.49 Billion External Reserves
Nigeria's currency and external reserves show remarkable stability in 2025, with strategic Central Bank interventions maintaining economic resilience despite oil production challenges.
Nigeria's financial resilience shines as the naira demonstrates remarkable stability at year-end 2025, closing with a robust performance that signals economic strength and strategic monetary management.
Data from the Central Bank of Nigeria (CBN) reveals the local currency appreciated to N1,435.76 per US dollar at the official foreign exchange market, representing a 0.69 percent gain. This positive momentum stems from sustained CBN interventions that effectively cushioned reduced dollar inflows during the fourth quarter.
Market analysts from Coronation Merchant Bank Limited noted a significant 95 percent week-on-week decline in foreign exchange inflows, yet the apex bank's strategic support maintained market equilibrium. While the parallel market showed slight depreciation, closing at N1,470/$, the official market demonstrated remarkable resilience.
Nigeria's gross external reserves reached an impressive $45.889 billion by December 30, 2025, reflecting diversified income streams despite challenges in the oil sector. The CBN had previously projected reserves to touch $51 billion in 2026, indicating optimistic economic expectations.
The Nigerian Upstream Petroleum Regulatory Commission reported crude oil production at 1.599 million barrels per day in November 2025, a 5.9 percent decline from the previous year. Despite this reduction, the average production remained at 96 percent of Nigeria's OPEC quota, showcasing the sector's continued adaptability.
These economic indicators paint a picture of strategic financial management, with the CBN's interventions playing a crucial role in stabilizing the naira and maintaining investor confidence. The country's ability to navigate complex economic landscapes demonstrates Nigeria's potential for sustainable economic growth.
As 2025 concludes, the Nigerian economy shows promising signs of resilience, with strong external reserves and calculated monetary policies positioning the nation for potential future economic expansion.
Based on reporting by Daily Trust
This story was written by BrightWire based on verified news reports.
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