By Ola Kay
The Central Bank of Nigeria’s external reserves data released on its website has indicated that the nation’s foreign reserves increased to $45.24 billion on December 23, 2025, up from $42.17 billion recorded same period in November.
According to the data, the country’s foreign reserves grew by 7.28 percent, or ($3.1 billion), on a month-on-month basis.
Further analysis of the available data showed that the figure is lower than the peak of $45.47 billion recorded on December 12, 2025, before falling to $45.32 billion on December 15.
The apex bank governor, Olayemi Cardoso, who spoke on December 4th with the Senate Committee on Banking, Insurance, and Other Financial Institutions, said that the country’s foreign reserves entered the highest in nearly seven years at $46.7 billion, at a time the naira appreciated to N1,443.38 per dollar on Wednesday, December 24, 2025.
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