Nigeria’s net foreign exchange inflows expanded 38% year-on-year to reach $4.94 billion in March 2026, up from $3.58 billion in March 2025, validating deliberate Central Bank of Nigeria policy measures.
Official data from the CBN Q1 2026 Statistical Bulletin showed that despite this strong annual surge, net flows eased 29% month-on-month compared to February 2026 under controlled liquidity interventions.
The intentional monthly moderation aligns with the apex bank’s monetary management strategy, balancing short-term market stabilization against foreign debt servicing commitments and foreign exchange market smoothing interventions.
The 38% annual expansion reflects the structural success of the central bank’s ongoing policy recalibrations, including interest rate adjustments and unified operational frameworks designed to boost investor confidence.
Supported by these monetary policy frameworks, Nigeria’s gross foreign exchange reserves recently crossed $52 billion, offering unprecedented operational backing for external obligations and domestic liquidity stability.
