Nigeria’s foreign exchange (FX) market has recorded a remarkable 56.4% increase in monthly turnover, rising to $8.6 billion in 2025 from $5.5 billion in 2024, according to Mohammed Abdullahi, Deputy Governor for Economic Policy at the Central Bank of Nigeria (CBN).
The surge reflects the impact of sweeping monetary and fiscal reforms aimed at boosting liquidity, enhancing transparency, and strengthening investor confidence.
Speaking at the Nigeria Investors Forum held alongside the IMF/World Bank Annual Meetings, Abdullahi highlighted the government’s strategic efforts to improve FX inflows and clear longstanding obligations, saying that “monthly turnover in the forex market had risen by 56.4% to 8.6 billion dollars in 2025, up from 5.5 billion dollars in 2024”.