Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN).
The 30-day moving average between June 18 and July 18 showed consistent reserve growth, particularly from early July.
The most significant single-day increase occurred on July 14, when reserves surged by $206.6 million from $37.43 billion on July 11 to $37.64 billion.
Between July 7 and July 18, reserves increased on every trading day a 10-day positive streak suggesting more stable market operations and improved foreign exchange supply.
The buildup was also supported by increased stability in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the naira has been trading more freely under a managed float.
Initially, reserves declined slightly from $37.738 billion to $37.71 billion on June 19, continuing on a downward trajectory to $37.66 billion by June 20.
After the weekend, the downward trend persisted: reserves dropped to $37.52 billion on June 23, then to $37.47 billion on June 24, and $37.41 billion on June 25.
The decline extended further to $37.37 billion on June 26 and reached a low of $37.21 billion on June 30 a cumulative drop of nearly $420 million within a week, indicating high outflows or increased FX demand pressure.
However, early July marked a shift. Reserves stood at $37.19 billion on July 1 and edged slightly down to $37.18 billion on both July 2 and 3. A slight gain on July 4, up to $37.181 billion, signaled a turnaround.
By July 7, reserves rose to $37.27 billion, and then to $37.28 billion on July 8. The positive trend continued on July 9 and 10, reaching $37.33 billion and $37.36 billion, respectively.
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14, when reserves jumped to $37.64 billion a daily gain of over $200 million.
The upward trend continued: $37.78 billion on July 16, $37.85 billion on July 17, and finally $37.94 billion on July 18 the highest level in over a month.
Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN).
The 30-day moving average between June 18 and July 18 showed consistent reserve growth, particularly from early July.
The most significant single-day increase occurred on July 14, when reserves surged by $206.6 million from $37.43 billion on July 11 to $37.64 billion.
Between July 7 and July 18, reserves increased on every trading day a 10-day positive streak suggesting more stable market operations and improved foreign exchange supply.
The buildup was also supported by increased stability in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the naira has been trading more freely under a managed float.
Initially, reserves declined slightly from $37.738 billion to $37.71 billion on June 19, continuing on a downward trajectory to $37.66 billion by June 20.
After the weekend, the downward trend persisted: reserves dropped to $37.52 billion on June 23, then to $37.47 billion on June 24, and $37.41 billion on June 25.
The decline extended further to $37.37 billion on June 26 and reached a low of $37.21 billion on June 30 a cumulative drop of nearly $420 million within a week, indicating high outflows or increased FX demand pressure.
However, early July marked a shift. Reserves stood at $37.19 billion on July 1 and edged slightly down to $37.18 billion on both July 2 and 3. A slight gain on July 4, up to $37.181 billion, signaled a turnaround.
By July 7, reserves rose to $37.27 billion, and then to $37.28 billion on July 8. The positive trend continued on July 9 and 10, reaching $37.33 billion and $37.36 billion, respectively.
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14, when reserves jumped to $37.64 billion a daily gain of over $200 million.
The upward trend continued: $37.78 billion on July 16, $37.85 billion on July 17, and finally $37.94 billion on July 18 the highest level in over a month.
Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN).
The 30-day moving average between June 18 and July 18 showed consistent reserve growth, particularly from early July.
The most significant single-day increase occurred on July 14, when reserves surged by $206.6 million from $37.43 billion on July 11 to $37.64 billion.
Between July 7 and July 18, reserves increased on every trading day a 10-day positive streak suggesting more stable market operations and improved foreign exchange supply.
The buildup was also supported by increased stability in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the naira has been trading more freely under a managed float.
Initially, reserves declined slightly from $37.738 billion to $37.71 billion on June 19, continuing on a downward trajectory to $37.66 billion by June 20.
After the weekend, the downward trend persisted: reserves dropped to $37.52 billion on June 23, then to $37.47 billion on June 24, and $37.41 billion on June 25.
The decline extended further to $37.37 billion on June 26 and reached a low of $37.21 billion on June 30 a cumulative drop of nearly $420 million within a week, indicating high outflows or increased FX demand pressure.
However, early July marked a shift. Reserves stood at $37.19 billion on July 1 and edged slightly down to $37.18 billion on both July 2 and 3. A slight gain on July 4, up to $37.181 billion, signaled a turnaround.
By July 7, reserves rose to $37.27 billion, and then to $37.28 billion on July 8. The positive trend continued on July 9 and 10, reaching $37.33 billion and $37.36 billion, respectively.
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14, when reserves jumped to $37.64 billion a daily gain of over $200 million.
The upward trend continued: $37.78 billion on July 16, $37.85 billion on July 17, and finally $37.94 billion on July 18 the highest level in over a month.
Nigeria’s external reserves increased by $200.26 million, or 0.53 percent, over a one-month period rising from $37.738 billion on June 18, 2025, to $37.938 billion as of July 18, 2025 according to data from the Central Bank of Nigeria (CBN).
The 30-day moving average between June 18 and July 18 showed consistent reserve growth, particularly from early July.
The most significant single-day increase occurred on July 14, when reserves surged by $206.6 million from $37.43 billion on July 11 to $37.64 billion.
Between July 7 and July 18, reserves increased on every trading day a 10-day positive streak suggesting more stable market operations and improved foreign exchange supply.
The buildup was also supported by increased stability in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the naira has been trading more freely under a managed float.
Initially, reserves declined slightly from $37.738 billion to $37.71 billion on June 19, continuing on a downward trajectory to $37.66 billion by June 20.
After the weekend, the downward trend persisted: reserves dropped to $37.52 billion on June 23, then to $37.47 billion on June 24, and $37.41 billion on June 25.
The decline extended further to $37.37 billion on June 26 and reached a low of $37.21 billion on June 30 a cumulative drop of nearly $420 million within a week, indicating high outflows or increased FX demand pressure.
However, early July marked a shift. Reserves stood at $37.19 billion on July 1 and edged slightly down to $37.18 billion on both July 2 and 3. A slight gain on July 4, up to $37.181 billion, signaled a turnaround.
By July 7, reserves rose to $37.27 billion, and then to $37.28 billion on July 8. The positive trend continued on July 9 and 10, reaching $37.33 billion and $37.36 billion, respectively.
Momentum picked up significantly on July 11, when reserves climbed to $37.43 billion. The sharpest increase came on July 14, when reserves jumped to $37.64 billion a daily gain of over $200 million.
The upward trend continued: $37.78 billion on July 16, $37.85 billion on July 17, and finally $37.94 billion on July 18 the highest level in over a month.
