Nigeria's Q2 2025 Current Account Surplus Hits US$5.28 Billion on Non-Oil Export Growth

Nigeria's current account surplus in Q2 2025 hits US$5.28 billion, marking an 85% increase from the previous quarter, as reported by the Central Bank of Nigeria (CBN). The surge is primarily due to a boost in non-oil exports, amidst global economic uncertainties and oil price fluctuations.

Governor Olayemi Cardoso emphasizes the CBN's foreign exchange reform agenda, including a new FX strategy and enhanced transparency through technology like Bloomberg's BMatch. These efforts have led to a stronger capital formation, attracting US$20.98 billion in foreign inflows in the first 10 months of 2025, a 70% rise from the previous year.