Nigeria recorded a 12.3% Year on Year (YoY) increase in net foreign exchange inflow to to $41.73 billion in the first eight months of 2025 (8m’25), from $37.14 billion in the corresponding period of 2024 (8m’24).
Analysis of data from the monthly economic reports of the Central Bank of Nigeria (CBN) showed that the increase in net forex inflow was driven by a 21.3% rise in forex inflow into the economy which cancelled a 34.4% increase in forex outflow from the economy.
According to the CBN, foreign exchange inflow into the economy rose to $74.14 billion in 8m’25, from $61.09 billion in 8m’24.
On the other hand, the foreign exchange outflows from the economy grew by 34.4% YoY to $32.2billion in 8m’25 from $23.95 billion in 8m’24.
Trend analysis showed that net inflows into the economy dropped by 4.14per cent quarter on quarter (QoQ) to $14.57 billion 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 $3.74 billion from $8.22 billion 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 $7.09 billion, from $10.67 billion in July, while aggregate outflow increased to $3.36 billion, from $2.46 billion in the preceding month. This resulted in a net inflow of $3.74 billion, compared to $8.22 billion in the preceding month’.
Foreign exchange flow through the Bank indicated a decline in inflow to $3.04billion from $4.29 billion, and an increase in outflow to $1.94 billion, from $1.37 billion in the preceding month. Consequently, the Bank recorded a net inflow of $1.10 billion, compared with a net inflow of $2.92 billion in July.
Through autonomous sources, inflow of foreign exchange declined to $4.05 billion, from $6.39 billion, while outflow decreased to $1.42 billion, from $1.09 billion. As a result, a lower net inflow of $2.64 billion was recorded through autonomous sources, compared with $5.30 billion in the preceding period.
