Nigeria’s Forex Reserves Jump to Six-Year High of $44.61bn

Nigeria has seen its foreign exchange reserves surge to $44.61 billion, the highest level since 8 August 2019, according to Markets Reporters’ analysis of data from the central bank.

The forex reserves have risen by $3.73 billion so far this year from $40.88 billion at the end of 2024 after plunging to a low of $37.18 billion on 3 July, the data shows.