{"id":27558,"date":"2026-03-03T10:42:04","date_gmt":"2026-03-03T08:42:04","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=27558"},"modified":"2026-03-03T11:19:39","modified_gmt":"2026-03-03T09:19:39","slug":"nigerias-net-fx-reserves-surge-to-34-8-bln-in-2025-central-bank","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/nigerias-net-fx-reserves-surge-to-34-8-bln-in-2025-central-bank\/","title":{"rendered":"Nigeria&#8217;s net FX reserves surge to $34.8 bln in 2025: Central Bank"},"content":{"rendered":"<p>Nigeria&#8217;s net foreign-exchange reserves jumped to $34.8\u202f billion by the end \u200bof 2025, up sharply from $3.99 \u202fbillion two years \u200cearlier, central bank governor Olayemi Cardoso said, citing stronger external fundamentals and policy reforms that helped rebuild confidence \u200bin the currency market.<\/p>\n<p>The figures released \u200bdays after the Central Bank of Nigeria reported \u2060gross reserves of $50.45 \u202fbillion as of February \u202f16, highlight what \u200bCardoso called a fundamental strengthening of Nigeria\u2019s external \u200bbuffers.<\/p>\n<p>Since he was appointed in 2023, Cardoso has rolled out transparency measures and put in clearer forex rules \u200bat the central bank to unwind years \u200bof market distortions and currency volatility.<\/p>\n<p>In a statement late \u200con \u2060Monday, Cardoso said net reserves rose to $34.8 billion at the end of last year from $23.11 billion a year earlier, while gross reserves increased \u200bto $45.71 \u202fbillion from $40.19 \u202fbillion \u200bover the \u2060same period.<\/p>\n<p>The improvement reflects stronger forex inflows, better reserves management and \u200ba renewed ability to meet external \u200bobligations \u2060and steady the exchange rate, Cardoso said, adding that the end-2025 levels validated ongoing reforms.<\/p>\n<p>Cardoso \u2060said \u200bthe CBN will maintain robust \u200bbuffers and keep forex market operations orderly.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":20620,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-27558","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Cardoso \u2060said \u200bthe CBN will maintain robust \u200bbuffers and keep forex market operations orderly.","published_date":"","news_description":"Cardoso \u2060said \u200bthe CBN will maintain robust \u200bbuffers and keep forex market operations orderly.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":3,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27558\/revisions"}],"predecessor-version":[{"id":27561,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27558\/revisions\/27561"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20620"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=27558"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=27558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}