Naira Rebounds, FX Inflows Hit $110B, but Regulatory Fines and Credit Shifts Signal Mixed Signals

Nigeria's foreign exchange market posted a stellar 2025, with total FX inflows surging to $109.86 billion — a 13.81% jump from the previous year's $96.53 billion. The Central Bank of Nigeria's annual report reveals autonomous sources now account for a whopping 64.21% of all inflows, signaling a more diversified and resilient funding base. This flood of dollars is already translating into currency strength: the naira rebounded sharply against the British pound, hitting...