Nigeria Attracts $20.98bn Foreign Capital, Boosts Investor Confidence
Nigeria has seen a significant increase in foreign capital inflow, reaching $20.98 billion between January and October 2025. Governor Olayemi Cardoso of the Charter Institute of Bankers of Nigeria highlighted a 70% increase compared to 2024, attributing it to renewed trust in the country's monetary policies and ongoing economic reforms.
The Central Bank of Nigeria's efforts in improving the foreign exchange market transparency have led to a more unified FX market, reduced gap between official and parallel market rates, and increased external reserves to $46.7 billion. The rise in non-oil exports and stronger capital inflow have contributed to an improved current account balance and economic outlook.
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