Market News
At N1,539/$, naira gains as forex inflow hits $5.6bn in May - DAILY TRUST
By Abdullateef Aliyu, Lagos
The inflow of foreign exchange into the economy has peaked to a six-year high with foreign exchange (fx) inflows reaching $5.96bn in May, a report has indicated.
Data from FMDQ indicated that total inflows into the Nigeria Foreign Exchange Market (NFEM) rose by 62 per cent from $3.67 billion in April 2025 to $5.96 billion in May 2025.
hat domestic sources, which accounted for 83.2 per cent of total inflows, jumped by 64.2 per cent from $3.02 billion to $4.96 billion, its highest in six years.
The upsurge was driven largely by a substantial increase in inflows from both domestic and foreign sources.
The data indicated that domestic sources, which accounted for 83.2 per cent of total inflows, jumped by 64.2 per cent from $3.02 billion to $4.96 billion, its highest in six years.
