By Elizabeth Adegbesan

Nigeria recorded a net foreign exchange (forex) inflow of $20.33 billion in the first quarter of 2026, representing a 33.8 per cent increase compared with the $15.19 billion recorded in the fourth quarter of 2025.

The Central Bank of Nigeria (CBN) disclosed this in its Q1 2026 Quarterly Economic Report, attributing the increase to higher inflows from autonomous sources.

The apex bank said aggregate forex inflow rose by 13.26 per cent to $31.34 billion in Q1 2026 from $27.67 billion in the preceding quarter.

It added that forex outflow declined by 11.78 per cent to $11.01 billion from $12.48 billion recorded in Q4 2025.