Nigeria's FX Flows Hit $22.5 Billion in Q2 2026
In the second quarter of 2026, Nigeria's net foreign exchange (FX) flows rose to $22.50 billion, according to the Central Bank of Nigeria's Q2 2026 Statistical Bulletin. This figure is the highest since Q4 2019, when net FX flows were recorded at $25.08 billion.
The increase from $21.33 billion in Q1 2026 was attributed to a sharper decline in outflows compared to inflows. Despite this improvement, the Q2 2026 figure ranks 12th in Nigeria's historical quarterly net FX flow rankings.
The top historical figures include Q4 2013 at $24.12 billion and Q4 2012 at $24.09 billion. The data indicates that most inflows during the second quarter came from autonomous sources, highlighting their significant contribution to Nigeria's overall FX position.
The increase in net FX flows also coincided with stronger portfolio investment during this period.
Plus234Feed summary based on reporting from Nairametrics. Read the original report below.
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