Forex Inflow to Nigeria Hits $33.76bn in 5 Months
Nigeria’s net foreign exchange inflow rose by 36.5 per cent year-on-year to $33.76 billion in the first five months of 2026, compared with $24.72 billion recorded during the corresponding period in 2025. Data from the Central Bank of Nigeria’s monthly economic reports showed that aggregate forex inflow increased by eight per cent to $50.05 billion from $46.34 billion during the same period last year, while total outflow declined by 24.6 per cent to $16.29 billion from $21.62 billion. The increase in inflows came amid efforts by the CBN to deepen the foreign exchange market, improve liquidity and attract more inflows through official and autonomous channels. Forex inflow through the CBN rose by 2.75 per cent to $15.30 billion from $14.89 billion, while inflow through autonomous sources increased by 10.5 per cent to $34.76 billion from $31.45 billion.
On the outflow side, forex outflow through the CBN fell significantly by 36.3 per cent to $10.50 billion from $16.51 billion in the first five months of 2025. However, outflow through autonomous sources rose by 14.6 per cent to $5.78 billion from $5.04 billion. As a result, autonomous sources recorded a net forex inflow of $28.97 billion in the first five months of 2026, compared with $26.40 billion in the corresponding period of 2025. The CBN also recorded a net forex inflow of $4.80 billion, up from $4.29 billion a year earlier. The figures indicate a stronger net foreign exchange position during the period, driven by higher inflows and a substantial decline in overall outflows. The CBN has continued to introduce measures aimed at improving transparency and price discovery in the forex market while encouraging greater participation by banks and other authorised market operators.
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