Foreign Investment Surge: Nigeria Records $5.15 Billion Inflow in October 2025
Nigeria witnessed a significant surge in foreign exchange inflows, reaching $5.15 billion in October 2025, marking a five-month high according to latest data from the FMDQ platform.
The October figures represent a substantial 62.2% increase from September’s $3.18 billion, primarily driven by strong foreign portfolio investment activity during six open market operations (OMO) conducted by the Central Bank of Nigeria (CBN). These OMO auctions successfully raised over N7 trillion from both domestic banks and international investors.
A detailed analysis by Cordros Securities Limited reveals that foreign inflows constituted 64.5% of total inflows, amounting to $3.32 billion – an 89.7% increase from September’s $1.75 billion. The surge was largely attributed to a 120.7% rise in Foreign Portfolio Investment (FPI) inflows and a 30.5% increase in Other Corporate segment receipts. However, Foreign Direct Investment (FDI) experienced a 25.5% decline during the same period.
On the domestic front, inflows showed strong growth with a 28.4% increase, bolstered by a remarkable 370.6% surge in individual contributions and a 30.8% rise in Other Corporate inflows. The attractive yields on OMO bills have been particularly effective in drawing offshore participation, subsequently strengthening US dollar inflows and supporting the naira’s performance.
Looking ahead, Cordros Securities Limited projects continued robust foreign exchange inflows from both domestic and foreign sources, expecting figures to exceed the 2024 average of $2.51 billion. This optimistic outlook is supported by sustained market confidence and attractive carry-trade opportunities in the Nigerian market.
The impressive October performance reflects growing international investor confidence in Nigeria’s financial markets and the effectiveness of the central bank’s monetary policies in attracting foreign investment.
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