Nigeria's FX Reserves Rises 17% In 18 Months

 Nigeria’s foreign exchange reserves have risen from $32.9 billion at end 2023 to more than $38.448 billion as at June 2025.

This was disclosed on Sunday 22 June 2025 by the Chairperson of the House of Representatives Committee on National Planning and Economic Development, Mr Gboyega Nasir Isiaka.

Isiaka, who represents Yewa North/Imeko-Afon Federal Constituency of Ogun State in the House, announced this during a media session at Abeokuta, capital of Ogun State.

He also added that the country’s fiscal deficit has narrowed remarkably, stressing that this indicates stronger financial discipline plus improved economic management in the country.

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