Nigeria's FX Utilisation Hits $50.9bn, Highest in Six Years

According to the Central Bank of Nigeria's 2025 Statistical Bulletin, Nigeria's foreign exchange (FX) utilisation reached $50.9 billion in 2025, marking a 91% increase from the previous year’s $26.65 billion. This $24.28 billion rise indicates a significant expansion in foreign currency transactions.

The data reveals that FX utilisation was strong throughout the year, with quarterly figures of $12.71 billion in Q1, peaking at $13.13 billion in Q2, then decreasing to $12.01 billion in Q3, and recovering to $13.08 billion in Q4. Aggregate FX inflows rose to $109.86 billion in 2025 from $96.53 billion in 2024, a 13.81% increase, while aggregate FX outflows increased by 27.83% from $38.37 billion in 2024 to $49.05 billion in 2025.

Despite the higher outflows, Nigeria achieved a net FX inflow of $60.81 billion in 2025, compared to $58.16 billion in 2024.