Net foreign exchange inflow into the Nigerian economy declined by 18.3 per cent year-on-year to $61.29 billion in the eleven months ended November 2025.

This figure compares with $69.61 billion recorded in the corresponding period of 2024.

The drop resulted from a 25.2 per cent decline in inflows through the Central Bank of Nigeria and a 3.5 per cent decline in inflows through autonomous sources.

Details from CBN data on foreign exchange flows for the period showed that total forex inflows into the economy fell by 12.3 per cent to $102.51 billion in the eleven months.

This compares with $116.99 billion in the corresponding period of 2024.

Similarly, forex outflows decreased to $41.26 billion in 11M’25 from $47.35 billion in the corresponding period of 2024.

A breakdown of the data indicated that forex inflows through the CBN dropped sharply by 25.2 per cent year-on-year to $35.55 billion in 11M’25.

This compares with $47.54 billion in 11M’24.

Inflows through autonomous sources also declined slightly by 3.5 per cent year-on-year to $66.97 billion from $69.45 billion.

On the outflow side, forex outflows through the CBN fell by 21.7 per cent year-on-year to $29.72 billion in 11M’25.

This compares with $37.98 billion in 11M’24.

However, outflows through autonomous sources rose by 18.8 per cent year-on-year to $11.54 billion from $9.36 billion in 11M’24.

As a result, net forex flow through the CBN declined significantly by 39 per cent year-on-year to $5.83 billion from $9.56 billion in the corresponding period of 2024.

Net flows through autonomous sources also dropped by 7.7 per cent year-on-year to $55.42 billion from $60.09 billion.

The CBN Monthly Economic report showed that net forex inflow declined by 33 per cent month-on-month to $5.28 billion in November 2025.

This followed a decline in overall forex inflow and an increase in outflow during the review period.

The report stated: “Foreign exchange flows through the economy resulted in a net inflow of $5.28 billion, compared with $7.91 billion in October.

“Aggregate foreign exchange inflow decreased to $8.80 billion, from $10 billion in October.

“Aggregate foreign exchange outflow, however, increased to $3.52 billion, from $2.09 billion in the preceding month.”