… FDI inflows surge by $272.6m
Total foreign exchange inflows into the Nigerian Foreign Exchange Market (NFEM) declined by 6 percent month-on-month to $3.2 billion in September 2025, largely due to reduced participation by non-bank corporates and the Central Bank of Nigeria (CBN), according to data from FMDQ.
A report by FBNQuest indicated that this marks the second consecutive monthly decline following a 12 percent month-on-month drop recorded in August. The report explained that the September slowdown was primarily driven by weaker domestic participation, particularly from large private sector entities and the CBN, both of which contributed less foreign currency to the market.