The Central Bank of Nigeria (CBN) recorded total foreign exchange sales of $953.41 million in March 2026, marking its highest monthly forex sales since April 2025.
The figure highlights increased activity in Nigeria’s foreign exchange market as the apex bank continued efforts to improve liquidity and support the stability of the naira.
The March 2026 sales represent a significant rise in the volume of foreign exchange supplied by the CBN compared with recent months. The increased intervention comes amid ongoing efforts by the regulator to strengthen the country’s forex market and ensure that legitimate demand for foreign currency is adequately met.
Higher forex sales can help improve dollar liquidity in the market, particularly for businesses and other participants that require foreign currency for legitimate transactions.
The development also comes as the CBN continues to implement measures aimed at improving transparency and efficiency in the foreign exchange market while reducing distortions that have affected the naira in recent years.
With March recording the highest monthly sales in nearly a year, market participants will be watching closely to see whether the increased level of forex supply continues in the coming months and what impact it will have on exchange-rate stability and broader economic activity.
