Nigeria recorded a 12.3 percent year on year (YoY) increase in net foreign exchange inflow to to $41.73billion in the first eight months of 2025 (8m’25), from $37.14billion in the corresponding period of 2024 (8m’24).
The Central Bank of Nigeria (CBN) economic report showed that the increase in net forex inflow was driven by a 21.3 per cent rise in forex inflow into the economy which cancelled a 34.4 per cent increase in forex outflow from the economy.
According to the CBN, forex inflow into the economy rose to $74.14billion in 8m’25, from $61.09billion in 8m’24.
On the other hand, forex outflows from the economy grew by 34.4per cent YoY to $32.2billion in 8m’25 from $23.95billion in 8m’24.
Trend analysis showed that net inflows into the economy dropped by 4.14per cent quarter on quarter (QoQ) to $14.57billion in the second quarter of?2025 (Q2’25) from $15.2?billion in Q1’25.
The CBN, in its latest monthly Economic Report, said the net foreign exchange inflow also declined in August to $3.74billion from $8.22billion in July 2025, due to lower inflows from autonomous sources.
The apex bank said: “The economy recorded a lower net foreign exchange inflow, due largely to reduced inflow from autonomous sources. Aggregate foreign exchange inflow fell to $7.09billion, from $10.67billion in July, while aggregate outflow increased to $3.36billion, from $2.46billion in the preceding month. This resulted in a net inflow of $3.74billion, compared to $8.22billion in the preceding month.
Foreign exchange flow through the Bank indicated a decline in inflow to $3.04billion from $4.29billion, and an increase in outflow to $1.94billion, from $1.37billion in the preceding month. Consequently, the Bank recorded a net inflow of $1.10billion, compared with a net inflow of $2.92billion in July.
Through autonomous sources, inflow of foreign exchange declined to $4.05billion, from $6.39billion, while outflow decreased to $1.42billion, from $1.09billion. As a result, a lower net inflow of $2.64billion was recorded through autonomous sources, compared with $5.30billion in the preceding period.”
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