Forex utilisation rises by 74 percent to $16.2bn as naira confidence strengthens

Nigerian Tribune | 31-08-2026 04:19am |

Nigeria's foreign exchange utilisation surged by 74 percent year-on-year to $16.2 billion in the first quarter of 2026. This increase reflects improved liquidity, greater stability in the naira, and renewed confidence in the official foreign exchange market. The data was contained in the Central Bank of Nigeria's Quarterly Statistical Bulletin.

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