Nigeria’s foreign reserves rose to $45.24 billion on December 23, 2025, up from $42.17 billion, which was recorded in the same period last month.

This is according to the Central Bank of Nigeria’s external reserves data released on its website.

The data showed that Africa’s most populous country’s foreign reserves grew by 7.28 percent, or $3.1 billion, on a month-on-month basis.

However, 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.

DAILY POST reports that the apex bank governor, Olayemi Cardoso, speaking on December 4th with the Senate Committee on Banking, Insurance, and Other Financial Institutions, said that the country’s foreign reserves hit the highest in nearly seven years at $46.7 billion.

This comes as the naira appreciated to N1,443.38 per dollar on Wednesday, December 24, 2025.