By Africa.com | Created at 2025-04-02 05:56:10 | Updated at 2025-04-04 22:28:03
2 days ago
Nigeria’s net foreign exchange inflow rose to $17.39 billion in Q4 2024, driven largely by a 47.55% surge in autonomous inflows from remittances, exports, and foreign investments. According to the Central Bank of Nigeria (CBN), total forex inflows reached $27.81 billion, up 20.62% from the previous quarter. While autonomous inflows spiked to $16.27 billion, CBN inflows dipped slightly to $11.54 billion. Meanwhile, outflows grew by 31.37% to $10.42 billion. Outflows through the CBN grew by 22.98% while those via autonomous sources grew by 129.59%. Despite this, net foreign exchange increased by 14.99% to $17.39 billion. The net inflow boost reflects improved liquidity and naira stability, supported by robust remittances and increased oil production.
Source: Nairametrics
