Nigeria shifted to a net lending position of $320 million in the third quarter of 2025, a significant reversal from a $6.90 billion net borrowing stance in the previous quarter.
Okay News reports that the Central Bank of Nigeria (CBN)’s latest Balance of Payments highlights describe this as the economy acquiring more foreign financial assets, including reserves, than it received in foreign investments.
The turnaround reflects one of the sharpest quarterly swings in Nigeria’s financial account in recent years.
Foreign direct investment inflows surged to $720 million in Q3, up from just $90 million in Q2, indicating renewed long-term investor interest.
Portfolio investment inflows moderated to $2.51 billion from $5.28 billion, showing a pivot toward more stable capital.
On the asset side, Nigerian investments abroad included portfolio outflows of $820 million and other movements contributing to the net positive position.
External reserves strengthened substantially, rising 13.12 per cent to $42.77 billion by end-September from $37.81 billion at end-June.
The overall balance of payments posted a $4.60 billion surplus, contrasting with a $270 million deficit in Q2.
Net errors and omissions narrowed sharply to -$3.09 billion from -$12.71 billion, suggesting improved tracking of cross-border flows.
This net lending status signals reduced reliance on short-term foreign capital and enhanced external sustainability.
It coincides with stronger FDI and reserve buildup, bolstering resilience against external shocks.
