CBN data shows net FX flow drops 29% to $4.94 billion
Nigeria’s net foreign exchange (FX) flow stood at US$4.94 billion in March 2026, representing a 38% increase compared with the US$3.58 billion recorded in March 2025, despite a 29% monthly decline. The post CBN data shows net FX flow drops 29% to $4.94 billion appeared first on Nairametrics .
Nigeria's net foreign exchange flow decreased by 29% to $4.94 billion in March 2026, according to data from the Central Bank of Nigeria's Q1 2026 Statistical Bulletin. This represents a 38% increase compared to $3.58 billion recorded in March 2025. Despite the decline, this is the lowest net FX flow since December 2025, when the figure stood at $4.49 billion.
Total foreign exchange inflows into Nigeria amounted to $10.49 billion in March 2026, while outflows reached $5.54 billion, resulting in the net flow of $4.94 billion. The apex bank did not provide an explanation for the decline, which mirrors the slowdown observed in the first quarter of 2025, when net FX flow dropped from $7 billion in February to $3.5 billion in March.
Over the past year, Nigeria's FX inflows grew by 18.68%, rising from $24.37 billion in Q1 2024 to $28.92 billion in Q1 2025, while outflows increased by 32.72%, from $10.34 billion to $13.72 billion.
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