Foreign Reserves Rise By $540.28 Million In Two Weeks To $43.17 Billion

 Nigeria’s external reserves climbed by $540.28 million in the last two weeks of October, rising from $42.63 billion recorded on October 13 to $43.17 billion on October 30, 2025, according to data from the Central Bank of Nigeria (CBN).

The sustained growth indicates an approximate 1.3% growth over two weeks, and a 1.8% increase month-on-month from $42.40 billion at the beginning of October, according to CBN data.

The gross reserves recorded consistent daily increases throughout the review period,

with the highest level of $43.17 billion attained on October 30, compared to $42.63 billion at the beginning of the period.

Summary of key movements (Oct. 13–30, 2025)

—Gross Reserves: Up from $42.63bn to $43.17bn (+$540.28m)

—Liquid Reserves: Up from $41.98bn to $42.55bn (+$579.62m)

—Blocked Reserves: Down from $656.45m to $618.63m (–$37.82m)

—Blocked Ratio: Declined from 1.54% to 1.43%

Liquidity improves as blocked funds decline

The liquid portion of the reserves also rose steadily from $41.98 billion on October 13 to $42.55 billion on October 30, an increase of $579.62 million. This improvement suggests enhanced availability of foreign exchange liquidity for trade settlements and monetary operations.

Conversely, blocked funds, the portion of reserves tied up in commitments or illiquid instruments, declined slightly from $656.45 million to $618.63 million over the same period. The blocked share of total reserves fell from 1.54% to 1.43%, indicating a healthier reserve structure and improved efficiency in the management of external assets.