Nigeria saw a significant boost in foreign exchange (FX) inflows in the first quarter of 2025, recording a net inflow of $15.2 billion. This development reflects the success of ongoing market reforms and increased investor confidence. FX inflows totaled $28.92 billion, reflecting an 18.7% increase compared to Q1 2024, while outflows rose by 32.7%. Despite this, Nigeria maintained a positive net balance, signaling strengthened FX liquidity, made more impressive by reduced central bank intervention. The upswing in the country’s FX market’s performance is attributed to the central bank’s reforms, including the unification of the naira, which has created a more transparent market. The overall outlook indicates a resilient FX market, demonstrating the effectiveness of Nigeria’s liberalization efforts in fostering economic stability and growth.
Sunday, May 17, 2026 - 09:01:18
Loading weather…
