Nigeria’s international alternate (FX) utilisation rose to a record $7.61 billion in June 2026, representing a 78.1% enhance from the $4.27 billion recorded in June 2025.
According to the Central Bank of Nigeria’s (CBN) Q2 2026 Statistical Bulletin, the rise was pushed largely by spending on invisible transactions, significantly monetary and different services.
The newest determine additionally represents a 36.1% enhance from the $5.59 billion recorded in May 2026.
FX utilisation reaches new excessive
The CBN information present that the $7.61 billion FX utilisation recorded in June was the best month-to-month determine within the out there sequence protecting April 2022 to June 2026.
- Invisible transactions accounted for $5.63 billion of the June complete, in contrast with $2.43 billion in the identical month of 2025.
- Import-related FX utilisation elevated to $1.98 billion from $1.84 billion over the identical interval.
- Financial services recorded utilisation of $3.50 billion, up from $1.68 billion in June 2025.
- Other services not included elsewhere rose to $1.04 billion from $449.57 million a yr earlier.
The figures point out that the rise was concentrated in invisible transactions fairly than imports, with monetary services and different services accounting for substantial parts of the year-on-year rise.
Invisible transactions drive development
Invisible transactions embrace international alternate utilisation for services fairly than imported bodily items. In June, this class accounted for roughly 74% of complete FX utilisation, highlighting its rising contribution to the general determine.
Financial services had been the biggest particular person service class, rising by about 108% year-on-year. Utilisation for different services not included elsewhere additionally greater than doubled, rising by roughly 132%.
- Business services recorded $451.03 million in June, in contrast with $229.09 million within the corresponding month of 2025. Meanwhile, utilisation for the oil sector rose to $559.79 million from $492.12 million.
- Manufactured merchandise additionally recorded a rise, with import-related FX utilisation rising to $447.94 million from $291.76 million a yr earlier.
The figures present that the month-to-month enhance prolonged throughout a number of classes, though the biggest contributions got here from invisible transactions, significantly monetary services and different services.
FX utilisation rose in 2025
The June figures observe a big enhance in Nigeria’s general FX utilisation within the earlier yr.
- Nairametrics beforehand reported that total utilisation rose by 91.1% to $50.93 billion in 2025, its highest annual stage since 2019.
- Invisible transactions accounted for $30.99 billion of that complete, whereas imports accounted for $19.94 billion.
- Separately, Nigeria recorded complete FX inflows of $109.9 billion in 2025, based on figures beforehand reported by Nairametrics. Autonomous inflows rose by 25.12% to $70.54 billion, accounting for 64.21% of complete inflows.
The newest month-to-month information present that FX utilisation continued to extend in June 2026, with invisible transactions remaining the biggest part of the whole.
