ByElizabeth Adegbesan

Net Foreign exchange (forex) into the economy fell by 24 per cent, month-on-month, MoM to $6.92 billion in February from $9.22 billion recorded the previous month.

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.”

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