Net forex inflow falls 24% to $6.92bn

The Central Bank of Nigeria, CBN disclosed this in its monthly economic report for February 2026.

The report showed that  the decline in net forex was driven by a 22.9 per cent, MoM  decline in foreign exchange inflow into the economy during the month, which cancelled the impact of a 16.9 per cent, MoM decline in foreign exchange outflow.

The CBN said: “Foreign exchange flows through the economy resulted in a net inflow of $6.92 billion, compared with $9.22 billion in January 2026.

“Aggregate foreign exchange inflow decreased to $9.43 billion, from $12.23 billion in January. Aggregate foreign exchange outflow also decreased to $2.50 billion, from $3.01 billion in the preceding month. “Foreign exchange inflow through the Bank (CBN)  fell to $3.09 billion, from $4.66 billion in January 2026. Similarly, autonomous inflow fell to $6.34 billion, from $7.57 billion.

“Outflow through the Bank rose to $1.75 billion, from $1.57 billion in the preceding month. In contrast, autonomous outflow decreased to $0.75 billion, from $1.44 billion. Consequently, flows through the Bank and autonomous sources resulted in net inflows of $1.34 billion and $5.58 billion, respectively, compared with $3.09 billion and $6.14 billion in the preceding month.

“While highly positive, these figures represent a step down from the $3.09 billion and $6.14 billion recorded by the Bank and autonomous sources  respectively in the preceding month, pointing to a cooling period in overall foreign capital activity.”