Nigeria’s FPI Inflows Poised to Grow Record High: CBN

July 6, 2025

Foreign Portfolio Investments (FPIs) into Nigeria are projected to hit their highest levels on record in 2025 as the Central Bank of Nigeria (CBN) remains hawkish with its monetary stance to keep rates attractive to investors.

(3 Minutes Read)

In the first half of 2025, FPI inflows reached US$8.05 billion amid higher-for-longer monetary tightening. This is almost the entire inflow seen last year, which stood at USD 8.53 billion.

Foreign Portfolio Investments (FPIs) into Nigeria are projected to hit their highest levels on record in 2025 as the Central Bank of Nigeria (CBN) remains hawkish with its monetary stance to keep rates attractive to investors.

In the first half of 2025, FPI inflows reached USD 8.05 billion amid higher-for-longer monetary tightening. This is almost the entire inflow seen last year, which stood at USD 8.53 billion.

At the current run rate, inflows could reach USD 16.08 billion by year-end, marking the highest on record, analysts at CardinalStone Research said in their mid-year outlook entitled ‘Charting the Sustainability Path’.Nigeria is preparing for a potential re-entry into the JP Morgan Bond Index, having been excluded for the past decade.