CBN Foreign Exchange Inflows Analysis

Nigeria's foreign exchange position has improved due to foreign portfolio investments and private dollar inflows, with net inflows reaching $6.3 billion from January to August 2026, according to the Central Bank of Nigeria.

The Central Bank of Nigeria reported $950 million in diaspora remittances for July 2026, aiming for a monthly target of $1 billion. Deputy Governor Dr. Muhammad Sani Abdullahi discussed reforms to improve the foreign exchange market and reduce the gap between official and paralle

The Central Bank of Nigeria reported $6.3 billion in net foreign portfolio investment inflows from January to August 2026, enhancing the country's foreign exchange position and reducing reliance on direct market interventions.