Nigeria recorded a surge in overseas capital inflows in 2025, receiving $20.98 billion within the first ten months of the yr, in accordance with Central Bank Governor Olayemi Cardoso.
The inflows symbolize a 70% enhance in comparison with the whole for 2024 and a 428% leap from the $3.9 billion recorded in 2023.
Cardoso disclosed the figures on the sixtieth Annual Bankers’ Dinner, noting that the renewed urge for food for Nigerian property is tied to strengthened macroeconomic administration, FX market reforms, and improved transparency throughout the monetary system.
The NBS has solely launched the primary quarter capital importation information which reveal Nigeria attracted $5.6 billion within the first quarter of 2025.
Exterior sector sees strongest enchancment in years
The apex bank governor acknowledged that Nigeria attracted overseas capital inflows of $20.98 billion within the first 10 months of 2025, which he stated was 70% larger than whole inflows in 2024
- “Overseas capital inflows reached US$20.98 billion within the first ten months of 2025, a 70% enhance over whole inflows for 2024 and a 428% surge in comparison with the US$3.9 billion recorded in 2023, reflecting a transparent resurgence in investor confidence.”
Knowledge from the NBS reveal Nigeria attracted $3.9 billion and $12.3 billion in capital inflows in 2023 and 2024 respectively.
Based on Cardoso, the nation’s present account steadiness rose sharply by over 85%, climbing from $2.85 billion in Q1 to $5.28 billion in Q2, supported by larger non-oil exports and bettering FX flows.
- “Nigeria’s exterior sector strengthened decisively in 2025, with the present account steadiness rising over 85% to US$5.28 billion in Q2, up from US$2.85 billion in Q1.”
The Governor additionally revealed that overseas reserves elevated to $46.7 billion by mid-November, the very best stage in virtually seven years.
With greater than 10 months of import cowl, Nigeria’s exterior buffers at the moment are at their strongest level in a decade.
A key spotlight, Cardoso careworn, is that the reserves are being rebuilt “organically, not by borrowing,” however by way of higher FX market functioning, rising non-oil export earnings, and buoyant capital inflows.
Non-oil exports and remittances strengthen
Whereas oil manufacturing averaged between 1.45 million and 1.52 million barrels per day in 2025, the non-oil sector delivered the standout efficiency.
Based on Cardoso, Non-oil exports grew by over 18% year-on-year, pushed by exchange-rate flexibility and improved competitiveness underneath the now market-determined FX regime.
He additionally acknowledged that diaspora remittances strengthened following enhancements in transparency, settlement effectivity, and reporting throughout the FX ecosystem.
- “As with overseas investor inflows, diaspora remittances have additionally strengthened with confidence returning to official channels following enhancements in transparency, settlement effectivity, and reporting.
Remittance inflows grew by roughly 12% in 2025, with additional momentum anticipated in 2026 as adoption rises for the Non-Resident BVN, which was launched earlier this yr.
Cardoso additionally acknowledged that the CBN will proceed its versatile exchange-rate framework—one that permits the naira to function a shock absorber whereas limiting extra volatility.
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