Nigeria’s net foreign liability position rose by $7.5bn to $90.2bn in 2025, as foreign investors’ claims on Nigerian assets increased faster than the country’s investments abroad, according to data from the Central Bank of Nigeria.
The rise in foreign liability position is an indication of stronger foreign portfolio and direct investment liabilities, partly offset by growth in Nigeria’s reserve assets and higher holdings of foreign investments by Nigerian residents.
The CBN’s International Investment Position report showed that Nigeria’s net financial liabilities rose from $82.7bn in 2024 to $90.2bn in 2025. The position was based on external assets of $125.6bn, representing investments held abroad by Nigerian residents, and foreign liabilities of $215.8bn, representing foreign investments in Nigerian assets.
Unlike the Balance of Payments, which measures the flow of trade and capital transactions during a period, the IIP captures the stock of external financial assets and liabilities at a particular point in
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