By Muhammad Mamman
Nigeria recorded a significant boost in foreign currency inflows in October 2025, reaching $5.15 billion, according to latest data from financial market sources. The sharp rise marks one of the strongest monthly performances this year, signalling renewed investor confidence and improved foreign exchange liquidity.
Analysts attribute the increase to a combination of higher crude oil receipts, diaspora remittances, and stronger foreign portfolio investments following recent monetary policy adjustments by the Central Bank of Nigeria (CBN).
The CBN’s efforts to stabilise the naira, streamline foreign exchange windows, and enhance transparency in the market have been credited with restoring investor trust and stimulating inflows.
Market observers say the improved foreign exchange position could help ease pressure on the naira and strengthen Nigeria’s balance of payments, particularly as the government intensifies reforms aimed at attracting long-term capital and boosting export earnings.
Economists, however, caution that sustaining the momentum will require consistent policy stability, continued diversification of the economy, and robust monitoring of capital movements to ensure sustainable growth.
