Nigeria’s current account surplus has surged to $5.28 billion in the second quarter of 2025, a significant increase from $2.85 billion in the first quarter.
The Central Bank of Nigeria attributes this growth to sustained exchange rate stability, tighter monetary policy, and moderation in petroleum product prices. According to the bank, these factors have contributed to stronger external sector resilience and improved foreign exchange inflows.
The CBN’s efforts to maintain market stability have injected fresh momentum into system liquidity. The bank’s commitment to balancing inflation control with support for the real economy is evident in its recent policies. “We are using conventional monetary policy tools to anchor inflation expectations while ensuring a stable and robust financial system,” the bank said.
Gross external reserves have also witnessed significant growth, rising to $43.05 billion as of September 11, 2025, providing 8.28 months of import cover. This increase serves as a source of confidence for citizens, foreign and local investors, and other economic agents. The CBN emphasized that the growth in external reserves is a positive development for the country’s economy.
The Monetary Policy Committee has reaffirmed its commitment to proactive, data-driven responses to safeguard price and financial stability. The committee emphasized the importance of maintaining this momentum by supporting policies that encourage foreign inflows, enhance oil output, and sustain improvements in food production to moderate inflationary pressures.
The current account surplus highlights the resilience of Nigeria’s external position despite global uncertainties. The CBN’s recent policy adjustments have injected fresh momentum into system liquidity, with record placements in the Standing Deposit Facility highlighting banks’ preference for safe returns.
As the economy continues to evolve, the CBN remains committed to its monetary policy objectives, prioritizing price and financial stability. With a strong external sector and improved foreign exchange inflows, Nigeria’s economy is poised for growth and stability.
