Private-sector FX outflows from Nigeria surged 165% to $16.3 billion in 2025, reshaping who controls dollars in Africa’s largest economy.
Africa · Western
Key Facts
—The surge. Autonomous FX outflows rose 164.84% from $6.14 billion in 2024 to $16.26 billion in 2025.
—Central bank contrast. CBN-mediated outflows grew only 1.74%, reaching $32.79 billion in the same period.
—Inflows also rose. Total FX inflows reached roughly $109–112 billion in 2025, up from about $96 billion in 2024.
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