The Central Bank of Nigeria injected a total of $4.1bn into the foreign exchange market in the first half of 2025, a move aimed at stabilising the naira and easing liquidity pressures in the currency market.
This figure, which is more than three times the $1.3bn recorded during the same period in 2024.
This came as industry analysts expressed concerns over the sustainability of the currency defence strategy, citing weak oil earnings, subdued foreign portfolio investment inflows, and uncertainties around external financing. However, members of the Organised Private Sector argued that no responsible central bank would allow market forces to solely