{"id":117656,"date":"2025-04-20T22:00:04","date_gmt":"2025-04-20T21:00:04","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=117656"},"modified":"2025-04-20T22:00:04","modified_gmt":"2025-04-20T21:00:04","slug":"nigerias-aggregate-forex-inflows-fall-to-9-63bn-2","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/","title":{"rendered":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn"},"content":{"rendered":"<div style=\"text-align: justify;\">Daniel Adaji<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Nigeria\u2019s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank of Nigeria (CBN) on April 17.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This marks a 5.31 per cent drop in total forex receipts, signalling growing pressures on Nigeria\u2019s external sector. The CBN noted that the decline was driven mainly by a sharp reduction in inflows through official channels.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cNet foreign exchange inflow stood at $4.79bn, compared with $5.01bn in December 2024, indicating a 4.49 per cent decrease,\u201d the CBN stated in the report.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The CBN\u2019s share of total forex inflows fell significantly to $2.33bn, from $4.09bn the previous month. In contrast, autonomous sources\u2014such as private investors, exporters, and remittances\u2014rose to $7.31bn in January, up from $6.08bn in December.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Autonomous inflows are foreign exchange earnings from non-government sources. These include diaspora remittances, non-oil exports, and capital inflows from foreign investors.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A recent report by PwC warned that \u201cReduced remittance inflows from large-scale deportations of Nigerian workers in the U.S. could put pressure on household spending and Nigeria\u2019s fiscal stability.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Aggregate outflows also dropped to $4.84bn in January from $5.17bn in December. Of this, $3.80 billion was left through the CBN, a fall from $4.16bn in the prior month. Meanwhile, autonomous outflows\u2014largely tied to private sector transactions\u2014edged slightly up to $1.04bm from $1.01bn.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This led to a net outflow of $1.47bn through the CBN, a sharp contrast to the marginal $0.07bn net outflow recorded in December 2024. In comparison, autonomous sources posted a net inflow of $6.26bn, up from $5.07bn.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Despite the drop in inflows, the naira appreciated against the US dollar in January. The average exchange rate at the Nigerian Foreign Exchange Market (NFEM) strengthened by 1.16 per cent, settling at N1,535.94\/USD.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">By the end of January, the rate further improved to N1,478.22\/USD\u2014a 3.90 per cent gain from the N1,535.82\/USD closing rate in December.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Market activity also increased. Foreign exchange turnover rose by 18.30 per cent, reaching $408.49m in January compared to $345.30m in December. The uptick suggests greater liquidity and investor confidence during the period.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">However, Nigeria\u2019s forex outlook remains fragile. PwC warns that foreign exchange inflows could drop sharply if the United States proceeds with policy changes under a potential second Trump administration.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">These include mass deportations of Nigerian migrants, higher tariffs, the expiration of the African Growth and Opportunity Act (AGOA), and possible sanctions on oil imports.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cIf AGOA benefits are not renewed, Nigeria could lose significant trade privileges,\u201d PwC noted.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Diaspora remittances\u2014one of the largest sources of Nigeria\u2019s forex earnings\u2014are especially vulnerable. Nigeria posted a $6.83bn balance of payments surplus on the back of $20.93bn in remittance inflows as of April. Any disruption could deepen poverty and hurt consumer spending.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">PwC recommends that Nigerian policymakers proactively respond to global economic shifts. \u201cStrategic engagement with global economic shifts will be vital for Nigeria to weather these challenges and seize new opportunities,\u201d it said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Renewing AGOA, securing new trade deals, and diversifying forex sources through non-oil exports and investment incentives could help stabilize inflows.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji Nigeria\u2019s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":67910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-117656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"Daniel Adaji Nigeria\u2019s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Pointblank News\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-20T21:00:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Our Reporter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Our Reporter\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\"},\"author\":{\"name\":\"Our Reporter\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"headline\":\"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn\",\"datePublished\":\"2025-04-20T21:00:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\"},\"wordCount\":523,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\",\"name\":\"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News\",\"isPartOf\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg\",\"datePublished\":\"2025-04-20T21:00:04+00:00\",\"author\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\"},\"breadcrumb\":{\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg\",\"contentUrl\":\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg\",\"width\":450,\"height\":350},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/pointblanknews.com\/pbn\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#website\",\"url\":\"https:\/\/pointblanknews.com\/pbn\/\",\"name\":\"Pointblank News\",\"description\":\"Just the news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c\",\"name\":\"Our Reporter\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g\",\"caption\":\"Our Reporter\"},\"url\":\"https:\/\/pointblanknews.com\/pbn\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/","og_locale":"en_US","og_type":"article","og_title":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News","og_description":"Daniel Adaji Nigeria\u2019s total foreign exchange inflows fell to $9.63bn in January 2025, down from $10.17bn in December 2024, according to the latest Economic Report released by the Central Bank&hellip;","og_url":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/","og_site_name":"Pointblank News","article_published_time":"2025-04-20T21:00:04+00:00","og_image":[{"width":450,"height":350,"url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg","type":"image\/jpeg"}],"author":"Our Reporter","twitter_misc":{"Written by":"Our Reporter","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#article","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/"},"author":{"name":"Our Reporter","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"headline":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn","datePublished":"2025-04-20T21:00:04+00:00","mainEntityOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/"},"wordCount":523,"commentCount":0,"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/","url":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/","name":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn - Pointblank News","isPartOf":{"@id":"https:\/\/pointblanknews.com\/pbn\/#website"},"primaryImageOfPage":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage"},"image":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage"},"thumbnailUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg","datePublished":"2025-04-20T21:00:04+00:00","author":{"@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c"},"breadcrumb":{"@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#primaryimage","url":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg","contentUrl":"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2019\/07\/CBN.jpg","width":450,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/pointblanknews.com\/pbn\/news\/nigerias-aggregate-forex-inflows-fall-to-9-63bn-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/pointblanknews.com\/pbn\/"},{"@type":"ListItem","position":2,"name":"Nigeria\u2019s Aggregate Forex Inflows Fall to $9.63bn"}]},{"@type":"WebSite","@id":"https:\/\/pointblanknews.com\/pbn\/#website","url":"https:\/\/pointblanknews.com\/pbn\/","name":"Pointblank News","description":"Just the news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/pointblanknews.com\/pbn\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/ba61acbe7e8967bcf3f3ba603d9db23c","name":"Our Reporter","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/pointblanknews.com\/pbn\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/83b3820ef93d502ae3a617b2c881ca42?s=96&d=mm&r=g","caption":"Our Reporter"},"url":"https:\/\/pointblanknews.com\/pbn\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/comments?post=117656"}],"version-history":[{"count":1,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117656\/revisions"}],"predecessor-version":[{"id":117657,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/posts\/117656\/revisions\/117657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media\/67910"}],"wp:attachment":[{"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/media?parent=117656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/categories?post=117656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pointblanknews.com\/pbn\/wp-json\/wp\/v2\/tags?post=117656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}