NewsBreakNigeria
USD/NGN 1,322.01 ▴0.1%GBP/NGN 1,790.25 ▴0.1%USD/NGN black market ₦1,400GBP/NGN black market ₦1,900
USD/NGN 1,322.01 ▴0.1%GBP/NGN 1,790.25 ▴0.1%USD/NGN black market ₦1,400GBP/NGN black market ₦1,900

Nigeria’s FX demand jumps 91% to $50.93 billion, strongest in six years

Nigeria’s foreign exchange utilisation rose sharply to $50.93 billion in 2025, the highest annual level since 2019, as demand for foreign currency by importers and businesses more than doubled from the previous year.…

Aggregated · originally by Nairametrics
9 Sept 2026, 08:00 WAT · 3 min read
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Nigeria’s FX demand jumps 91% to $50.93 billion, strongest in six years

Nigeria’s foreign exchange utilisation rose sharply to $50.93 billion in 2025, the highest annual level since 2019, as demand for foreign currency by importers and businesses more than doubled from the previous year.…