Nigeria has recorded high foreign inflows of $5.15 billion in October 2025, according to data from the FMDQ platform.
The FX inflow record for last month was up by 62.2% above September’s record, reflecting foreign portfolio investors’ (FPIs’) participation at six open market operations (OMO) conducted by the Apex Bank.
It would be recalled that the Central Bank of Nigeria (CBN) floated six OMO bills auctions where more than N7 trillion was raised from local deposit money banks (DMBs) and foreign investors – the core eligible actors.
Elevated yields on OMO bills continue to attract offshore participations, and also strengthened US dollar inflows into the currency market.
The surge in local currency demand by offshore investors helped the naira rally. According to data from FMDQ, total inflows into the Nigerian Foreign Exchange Market (NFEM) rose sharply by 62.2% month on month to USD5.15 billion in October from USD3.18 billion, marking the highest level in five months.
Cordros Securities Limited in an update to investors explained that the surge reflected strong participation from both foreign and domestic investors.
