Nigeria recorded a sharp 54.5 percent month-on-month decline in net foreign exchange (FX) inflows in August 2025, reflecting weaker dollar supply from autonomous sources amid rising outflows, according to the Central Bank of Nigeria’s (CBN) economic report for the month.
Data from the report showed that net FX inflows fell to $3.74 billion in August 2025 from $8.22 billion in July, underscoring a significant slowdown in overall FX liquidity entering the economy within the period. The decline was driven by a combination of lower aggregate inflows and higher aggregate outflows across the market.
Aggregate FX inflows declined to $7.09 billion in August from $10.67 billion in the preceding month, while aggregate outflows rose to $3.36 billion from $2.46 billion. This widening gap between inflows and outflows weakened the net FX position of the economy during the month.