NIGERIA’S foreign exchange supply rose by 20.5 percent to $8.94 billion in 2025, from $7.43 billion in 2024, according to the Central Bank of Nigeria (CBN).
The increase represents an additional $1.51 billion supplied to the foreign exchange market during the year.
Data contained in the CBN’s 2025 Statistical Bulletin showed that FX supply fluctuated significantly throughout the year, with the strongest monthly inflows recorded in the second quarter (Q2).
Supply stood at $590.64 million in January and increased marginally to $607.63 million in February. It then jumped to $1.04 billion in March and reached a yearly high of $1.65 billion in April.
The momentum weakened in May, with supply falling to $838.93 million, and declined further to $676.31 million in June. Supply rose to $759.02 million in July before dropping to $677.84 million in August and $399.80 million in September.
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October recorded the weakest monthly supply at just $150.10 million. The market recovered in the final two months of the year, with supply rising to $638.38 million in November and $910.73 million in December.
FX inflows climb to $109.86bn
The CBN’s broader data showed that total foreign exchange inflows into Nigeria increased by 13.81 percent to $109.86 billion in 2025, from $96.53 billion in 2024.
FX outflows, however, grew at a faster pace, rising 27.83 percent to $49.05 billion from $38.37 billion. As a result, Nigeria’s net FX inflow increased moderately to $60.81 billion in 2025, compared with $58.16 billion in 2024.
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The $8.94 billion FX supply figure is separate from the $109.86 billion total inflow figure, as the two CBN datasets capture different aspects of foreign exchange transactions.
