CBN Reports 20.5% Increase in Nigeria's FX Supply for 2025

In 2025, Nigeria's foreign exchange supply rose by 20.5% to $8.94 billion, up from $7.43 billion in 2024, as reported by the Central Bank of Nigeria (CBN) in its 2025 Statistical Bulletin. This increase represents an additional $1.51 billion in foreign currency supplied compared to the previous year.

Monthly data revealed fluctuations, with January's supply at $590.64 million, peaking at $1.65 billion in April, and dropping to $150.10 million in October before recovering to $910.73 million in December. Total foreign exchange inflows also increased by 13.81% to $109.86 billion, while outflows rose by 27.83% to $49.05 billion.

Despite the increase in outflows, Nigeria recorded a net FX inflow of $60.81 billion in 2025, slightly higher than the $58.16 billion in 2024. The foreign exchange market remained volatile in 2026, with the US dollar closing at N1,329.80 on September 21, 2026.

The CBN intervened by injecting $250 million to stabilize the market amid rising demand.