CBN spent $7.8B in 2025 FX interventions to stabilise naira
Central Bank of Nigeria interventions stabilised FX market after 2025 volatility. CBN sold $7.8B in 2025, with 47% of sales between March-May 2025 during sharp depreciation. This helped narrow exchange rate disparities and improve market confidence. CBN's FX market role declined to 12.9% average contribution from 77.9% peak in 2020. Foreign investors accounted for 39.4% of 2025 inflows. FX reserves strengthened to 2018 highs. Stanbic IBTC economists project 2026 GDP growth 4.1-4.4% with inflation moderating to 15.4%. Outlook sensitive to oil prices and policy unpredictability.