Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025, up from $7.43 billion recorded in 2024, according to Central Bank of Nigeria data reported by Punch.
The increase represents an additional $1.51 billion in foreign exchange supplied during the year and comes amid ongoing efforts to improve liquidity and stability in Nigeria’s foreign exchange market.
The rise in supply is significant for businesses and individuals that depend on foreign exchange for imports, international payments, manufacturing inputs and other transactions.
Nigeria’s foreign exchange market has undergone major changes in recent years, with the Central Bank implementing reforms aimed at improving transparency and allowing market forces to play a greater role in determining exchange rates.
The stronger supply in 2025 also comes as the country continues to monitor the naira’s performance against major international currencies. On September 22, 2026, the naira traded at about ₦1,329.80 to the dollar at the official Nigerian Foreign Exchange Market, according to CBN data reported by TechEconomy.
Analysts and businesses will continue to watch whether increased foreign-exchange supply can be sustained and how it affects the availability and cost of dollars for legitimate transactions.
The development adds to recent signs of increased activity in Nigeria’s external sector, including a $7.54 billion current-account surplus recorded in the second quarter of 2026.
