Business
Net foreign exchange inflow falls 18% to $61.3bn
By Elizabeth Adegbesan
Net foreign exchange (Forex) inflow into the Nigerian economy fell by 18.3 per cent, year-on-year (YoY), to $61.29 billion in the eleven months ended November 2025 (11M’25), from $69.61 billion recorded in the corresponding period of 2024.
This was as a result of a 25.2 percent and 3.5 percent decline in inflows through the Central Bank of Nigeria, CBN, and autonomous sources.
Details of CBN data on foreign exchange flows for the period showed that total forex inflows into the economy declined by 12.3 percent to $102.51 billion in the eleven months period, compared with $116.99 billion in the corresponding period of 2024.
Similarly, forex outflows fell to $41.26 billion in 11M’25, from $47.35 billion in the corresponding period of 2024.
A breakdown of the data showed that forex inflows through CBN dropped sharply by 25.2 per cent YoY to $35.55 billion in 11M’25, from $47.54 billion in 11M’24.
Inflows through autonomous sources also declined slightly by 3.5 per cent YoY, to $66.97 billion from $69.45 billion.
On the outflow side, forex outflows through CBN fell by 21.7 per cent YoY to $29.72 billion in 11M’25, from $37.98 billion in 11M’24.
However, outflows through autonomous sources rose by 18.8 per cent YoY to $11.54 billion, compared with $9.36 billion in 11M’24.
As a result, net forex flow through CBN declined significantly by 39 per cent YoY to $5.83 billion, from $9.56 billion in the corresponding period of 2024.
Net flows through autonomous sources also dropped by 7.7 per cent YoY to $55.42 billion from $60.09 billion.
The CBN Monthly Economic report showed that the net forex inflow declined by 33 percent month-on-month, MoM, to $5.28 billion in November 2025 following a decline in overall forex inflow and an increase in outflow in the review period.
The report stated: “Foreign exchange flows through the economy resulted in a net inflow of $5.28 billion, compared with $7.91 billion in October.
“Aggregate foreign exchange inflow decreased to $8.80 billion, from $10 billion in October.
“Aggregate foreign exchange outflow, however, increased to $3.52 billion, from $2.09 billion in the preceding month.”
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