Nigeria recorded a present account surplus of $5.28 billion within the second quarter (Q2) of 2025, up from $2.85 billion within the first quarter, in response to information launched by the Central Bank of Nigeria (CBN) in its Financial Coverage Communiqué No. 159.
The rise displays stronger international alternate inflows supported by larger crude oil manufacturing, steady alternate charges and improved capital inflows.
The oil sector expanded by 20.46 % in Q2 2025, in comparison with 1.87 % development within the earlier quarter, contributing considerably to the excess.
The excess additionally benefited from sustained disinflation and improved macroeconomic stability, which anchored investor confidence and boosted exterior reserves.
Gross reserves stood at $43.05 billion as of September 11, 2025, representing an import cowl of 8.28 months, in contrast with $40.51 billion on the finish of July 2025.
The Central Bank famous that the excess, coupled with the sturdy reserve place, offers a buffer for alternate price stability and strengthens Nigeria’s exterior sector outlook.
The Committee emphasised the significance of sustaining this momentum by supporting insurance policies that encourage international inflows, improve oil output, and maintain enhancements in meals manufacturing to average inflationary pressures.
The present account surplus highlights the resilience of Nigeria’s exterior place regardless of international uncertainties, and the Financial Coverage Committee reaffirmed its dedication to proactive, data-driven responses to safeguard value and monetary stability.
