$109.9 Billion! Nigeria’s FX Inflows Soar in 2025
Last update: July 29, 2026
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Good news on the FX front - Nigeria's foreign exchange inflows just hit a massive $109.9 billion. And guess who's doing the heavy lifting? Not the CBN, but autonomous sources.
Here's the breakdown, as reported by cbinews.tv:
So, according to the Central Bank of Nigeria's 2025 Annual Report and Statement of Accounts, total FX inflows rose to $109.86 billion in 2025. That's a solid 13.81% jump from the $96.53 billion recorded in 2024.
What’s really interesting is where the money came from.
Autonomous sources - think non-oil exports, OTC purchases and capital importation - absolutely carried the year. Inflows through this channel shot up by 25.12% to $70.54 billion, accounting for a whopping 64.21% of all inflows.
In contrast, inflows through the CBN itself actually dipped by 2.08% to $39.32 billion, making up just 35.8% of the total. The apex bank says this was mainly due to lower receipts from government debt and FX swaps.
Now, money going out also went up. Total FX outflows rose 27.83% to $49.05 billion from $38.37 billion. That left Nigeria with a net FX inflow of $60.81 billion, up from $58.16 billion in 2024.
Dig a little deeper:
* Net inflow through autonomous sources was $54.28 billion, compared to $50.24 billion in 2024
* CBN's net inflow stood at $6.52 billion
* Outflow through autonomous channels spiked sharply by 164.84% to $16.26 billion, while CBN outflows rose only slightly to $32.79 billion
And what did we spend the FX on? Total FX utilisation jumped 59.36% to $42.83 billion.
Visible imports took $18.76 billion (43.8% of that). Of that chunk:
The industrial sector led with 42.11%, the oil sector followed with 25.91%, manufactured products at 15.64% and food products at 10.51%.
The big takeaway from cbinews.tv's analysis of the CBN data? Autonomous sources are now the real engine of Nigeria's FX liquidity, accounting for nearly two-thirds of all inflows.
Credit: Original data from the Central Bank of Nigeria's 2025 Annual Report, via cbinews.tv
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