CBN Injects $197.71 Million into FX Market to Stabilize Naira Amid Global Economic Challenges

CBN Injects $197.71 Million into FX Market to Stabilize Naira Amid Global Economic Challenges

The Central Bank of Nigeria (CBN) has injected $197.71 million into the foreign exchange (FX) market on April 4, 2025, as part of efforts to enhance liquidity and ensure stability amid growing global economic challenges. 

Dr. Omolara Omotunde Duke, Director of the CBN's Financial Markets Department, stated that the intervention is part of the bank's broader strategy to maintain a transparent, stable, and efficient FX market.

The CBN's move to support the market by facilitating sales to Authorized Dealers is a key element of its ongoing commitment to ensuring sufficient liquidity and supporting a well-functioning market