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ByElizabeth Adegbesan
Net Foreign exchange (forex) into the economy fell by 24 per cent, month-on-month, MoM to $6.92 billion in February from $9.22 billion recorded the previous month.
The Central Bank of Nigeria, CBN disclosed this in its monthly economic report for February 2026.
The report showed that the decline in net forex was driven by a 22.9 per cent, MoM decline in foreign exchange inflow into the economy during the month, which cancelled the impact of a 16.9 per cent, MoM decline in foreign exchange outflow.
The CBN said: “Foreign exchange flows through the economy resulted in a net inflow of $6.92 billion, compared with $9.22 billion in January 2026.
“Aggregate foreign exchange inflow decreased to $9.43 billion, from $12.23 billion in January. Aggregate foreign exchange outflow also decreased to $2.50 billion, from $3.01 billion in the preceding month. “Foreign exchange inflow through the Bank (CBN) fell to $3.09 billion,
