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Non-oil exports drive autonomous FX inflows to $71bn
NG🏛️ PoliticsCenter2 hr. ago

Non-oil exports drive autonomous FX inflows to $71bn

In 2025, Nigeria's autonomous foreign exchange (FX) inflows reached $70.54 billion, marking a 25.12% increase from $56.38 billion in 2024. This growth was primarily driven by higher earnings from non-oil exports and increased over-the-counter FX purchases, especially related to capital imports. Autonomous sources accounted for 64.21% of total FX inflows, which totaled $109.86 billion. In contrast, inflows through the Central Bank of Nigeria (CBN) decreased by 2.08% to $39.32 billion, due to reduced government debt and forex swap transactions. The CBN's reforms, such as the willing buyer-willing seller framework and the Nigeria Foreign Exchange Code, aimed to enhance transparency and liquidity in the FX market. Overall, Nigeria's net FX inflows rose to $60.81 billion in 2025, with autonomous sources contributing $54.28 billion.

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The Punch logoThe PunchIndependentCenter2 hr. ago
Non-oil exports drive autonomous FX inflows to $71bn

In 2025, Nigeria's autonomous foreign exchange (FX) inflows reached $70.54 billion, marking a 25.12% increase from $56.38 billion in 2024. This growth was primarily driven by higher earnings from non-oil exports and increased over-the-counter FX purchases, especially related to capital imports. Autonomous sources accounted for 64.21% of total FX inflows, which totaled $109.86 billion. In contrast, inflows through the Central Bank of Nigeria (CBN) decreased by 2.08% to $39.32 billion, due to reduced government debt and forex swap transactions. The CBN's reforms, such as the willing buyer-willing seller framework and the Nigeria Foreign Exchange Code, aimed to enhance transparency and liquidity in the FX market. Overall, Nigeria's net FX inflows rose to $60.81 billion in 2025, with autonomous sources contributing $54.28 billion.

Bias read (Center): The article presents factual data on Nigeria's foreign exchange inflows without overtly favoring any political ideology. It reports on economic trends and central bank policies without taking a clear ideological stance, maintaining a balanced tone throughout.

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