Nigeria’s internet foreign currencies (FX) flows rose to $22.50 billion in the second one quarter of 2026, the easiest stage because the fourth quarter of 2019.
That is in line with the Central Financial institution of Nigeria’s (CBN) Q2 2026 Statistical Bulletin, which tracks foreign currencies inflows and outflows throughout the Nigerian economic system.
Regardless of the rise, the newest determine ranks twelfth amongst Nigeria’s easiest quarterly internet FX flows within the historic score supplied.
Internet FX flows achieve $22.5 billion
Knowledge from the CBN display that internet FX flows higher from $21.33 billion within the first quarter of 2026 to $22.50 billion in the second one quarter, supported by means of a sharper decline in outflows than in inflows.
- Per month internet FX flows stood at $6.53 billion in April, $7.91 billion in Would possibly and $8.06 billion in June.
- General inflows around the 3 months amounted to $31.43 billion, whilst outflows stood at $8.93 billion.
- When compared, first-quarter inflows totalled $32.39 billion, towards outflows of $11.05 billion.
- June recorded the easiest per month internet waft within the quarter at $8.06 billion, fairly above Would possibly’s $7.91 billion.
The quarterly determine displays an growth from Q1 2026, even though it stays under a number of historic peaks recorded in previous years.
How Q2 2026 ranks traditionally
The equipped historic score puts Q2 2026’s internet FX waft of $22.50 billion in twelfth place a few of the easiest quarterly figures indexed. The most recent result’s the most powerful since This autumn 2019, when internet FX flows reached $25.08 billion.
The highest-ranked quarters within the historic checklist are:
- Q3 2014: $31.93 billion, the easiest determine within the score.
- Q1 2013: $27.86 billion, adopted by means of Q2 2014 at $26.24 billion.
- Q2 2013: $25.51 billion, whilst Q3 2013 recorded $25.14 billion.
- This autumn 2019: $25.08 billion, the former benchmark sooner than the newest Q2 2026 determine.
Different quarters within the most sensible 12 come with This autumn 2013 at $24.12 billion, This autumn 2012 at $24.09 billion, Q1 2008 at $23.66 billion, Q1 2019 at $23.28 billion and Q3 2012 at $22.56 billion.
The score presentations that even though the second-quarter result’s a notable restoration, it has now not returned to the easiest ranges recorded throughout the sessions indexed.
Self reliant resources power FX inflows
The CBN information separate FX transactions into flows throughout the central financial institution and the ones treated thru self sustaining resources. Self reliant resources accounted for many inflows throughout the second one quarter.
- Inflows thru self sustaining resources have been $7.56 billion in April, $7.12 billion in Would possibly and $8.62 billion in June.
- Inflows throughout the CBN stood at $1.83 billion in April, $3.32 billion in Would possibly and $2.98 billion in June.
- Internet flows thru self sustaining resources reached $6.70 billion in April, $5.70 billion in Would possibly and $6.74 billion in June.
- Internet flows throughout the CBN have been unfavourable $176.28 million in April sooner than emerging to $2.21 billion in Would possibly and $1.32 billion in June.
The figures spotlight the contribution of self sustaining channels to Nigeria’s general FX place, even though per month flows throughout the CBN numerous.
Portfolio funding provides to inflows
The rise in internet FX flows coincided with more potent portfolio funding.
- Nairametrics prior to now reported that portfolio funding rose by means of 45% to $6.51 billion in Q2 2026, from $4.49 billion in Q1.
- Previous CBN data confirmed that internet FX flows stood at $4.94 billion in March 2026, up 38% from $3.58 billion in March 2025 in spite of a 29% month-on-month decline.
In the meantime, the Nationwide Bureau of Statistics reported that overseas direct funding declined sharply in Q1 2026, at the same time as general capital importation higher. This means that actions throughout funding classes have been combined throughout the length.