Nigeria’s foreign exchange reforms are profoundly influencing investor sentiment, attracting approximately $20.98 billion in capital inflows within just ten months. This substantial surge signals a robust renewal of confidence in the nation’s economic stability and future prospects.
The Central Bank of Nigeria’s reforms have transformed the foreign exchange market, drawing $20.98 billion in foreign capital during 2025’s first ten months. This marks a 70% rise from 2024 and a 428% increase over 2023’s $3.9 billion. CBN Governor Olayemi Cardoso attributes this growth to a resurgence in investor confidence.
The consistent increase in forex inflows underscores Nigeria’s financial sector stability and growing investor interest. Domestic and global investors are showing a heightened appetite for Nigerian assets, a trend clearly reflected in recent capital inflow data. These positive developments are directly linked to the comprehensive reforms implemented by the CBN under Governor Cardoso.
READ MORE FROM PUNCH NEWSPAPERS
NEWS NOW:
- Police arrest 262 suspects, rescue 27 kidnapped victims
- Accord Party queries INEC over exclusion of candidate from 2027 presidential list
- 2027: INEC Lists Yero, Shehu Sani, Adamu, Katung, 29 others as Kaduna National Assembly candidates
- Soldiers arrest three suspects after 17-year-old was killed in Plateau
