Nigeria has recorded its most solid improvement in foreign exchange (FX) accessibility in years, jumping 15 spots to 4th position among African economies where international investors can most easily deploy and repatriate capital.
This is according to the ABSA Africa Financial Markets Index 2025, which places Nigeria just behind South Africa, Madagascar, and Mauritius.
Now in its 9th year, the Absa Africa Financial Markets Index assesses market depth, transparency, and sustainability. The 2025 Index benchmarked 29 economies, representing 80% of Africa’s GDP.
According to the 2025 Index, the upsurge in Nigeria’s performance can be attributed to broad FX market reforms by the Central Bank of Nigeria (CBN). These include:
* Unifying the multiple FX exchange windows.
* Clearing the backlog of US$7 billion FX obligations.
* Easing the repatriation of investor capital.
* Steady rise in the country’s FX reserves.
https://x.com/NaijaphiliaBlog/status/1988697329231450348
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