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Private sector FX outflows jump 165% to $16.3bn

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Private sector FX outflows jump 165% to $16.3bn

31 Jul, 2026

Foreign exchange outflows through autonomous channels rose by more than 160 per cent in 2025, reflecting increased private-sector demand for foreign exchange despite stronger inflows into the economy, according to the Central Bank of Nigeria’s 2025 Annual Report and Statement of Accounts. The report showed that autonomous foreign exchange outflows climbed 164.84 per cent to $16.26bn in 2025 from $6.14bn recorded a year earlier. The sharp increase contributed to a 27.83 per cent rise in Nigeria’s total FX outflows, which reached $49.05bn, up from $38.37bn in 2024.....................….......READ MORE