Nigeria’s foreign exchange reserves are projected to reach $41 billion by the end of December 2025, according to CardinalStone’s mid-year outlook report.
This anticipated growth is linked to the Federal Government’s plans to secure a combined $3.2 billion in external borrowings in the latter half of the year for various fiscal priorities, alongside potential inflows from portfolio investors.
The expected $41 billion in external reserves would represent a slight increase from the $40.88 billion recorded in 2024, aligning with the naira’s sustained gains.
As of Tuesday, the naira traded at N1,529.22 against the dollar in the official foreign exchange market and N1,550 in the parallel market.
The growth in FX reserves is expected to further stabilize the naira and boost investor confidence in the Nigerian economy.
The report highlights the positive outlook for Nigeria’s economy, driven by increased foreign exchange inflows and improved fiscal management.
