Nigeria Attracts 20.9 Billion Dollars in Capital Inflows in 2025

Nigeria recorded 20.9 billion dollars in capital inflows between January and October 2025, marking one of the strongest investment rebounds the country has seen in recent years. The increase reflects renewed investor confidence following a series of monetary and foreign exchange reforms aimed at stabilising the economy.

FX Reforms Drive Renewed Investor Interest

The foreign exchange market overhaul has been central to the rise in inflows. Measures such as clearing FX backlogs, improving transparency, tightening rules around market participation, and unifying exchange windows have helped restore confidence among international investors. As a result, capital inflows grew significantly compared to the same period in the previous year, reversing a long period of weak investment sentiment.

Stronger External Position

The improvement in inflows has strengthened Nigeria’s external reserves and boosted the country’s ability to withstand global economic pressures. Increased remittances, higher non-oil export earnings, and greater stability in the FX market have supported a healthier balance of payments position. These gains have also improved liquidity in the financial system and reduced pressure on the naira.

Outlook for Sustained Growth

Authorities have indicated plans to continue refining FX market regulations to maintain discipline, reduce speculation, and attract longer term investments. Analysts note that sustaining these reforms will be key to converting short term portfolio flows into more stable capital, including foreign direct investment across sectors such as housing, infrastructure, and manufacturing.

With investor confidence gradually returning and macroeconomic indicators showing improvement, Nigeria aims to build on this momentum to support broader economic growth in the coming year.