NIGERIA’S FX SUPPLY RISES TO $8.94BN IN 2025

Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94bn in 2025 from $7.43bn recorded in 2024, according to data from the Central Bank of Nigeria.

The figures were contained in the CBN’s 2025 Statistical Bulletin and represent an increase of about $1.51bn in foreign exchange supplied during the year.

Monthly data showed that supply remained below $1bn during the first two months of 2025 before rising to $1.04bn in March. It reached a yearly peak of $1.65bn in April.

Supply subsequently fell to $838.93m in May and $676.31m in June, before rising to $759.02m in July. It stood at $677.84m in August and declined further to $399.80m in September.

October recorded the lowest monthly supply at $150.10m. The figure later recovered to $638.38m in November and $910.73m in December.

The CBN also reported that total foreign exchange inflows into Nigeria rose by 13.81 per cent to $109.86bn in 2025, compared with $96.53bn in 2024.

Foreign exchange outflows also increased during the year, rising by 27.83 per cent from $38.37bn to $49.05bn. Nigeria therefore recorded a net FX inflow of $60.81bn in 2025, compared with $58.16bn a year earlier.

The CBN noted that the $8.94bn supply figure and the broader $109.86bn inflow figure measure different aspects of foreign exchange activity. It also did not provide a detailed breakdown of the sources of the $8.94bn supplied during the year.