Cbn Sells 574m To Boost Fx Market Liquidity In August

The Central Bank of Nigeria CBN ramped up its dollar sales in August 2025, selling a total of 574 million in a bid to stabilise the foreign exchange FX market amid waning inflows from key sources.

This represents a 76 percent increase from the 326 million sold in July, marking a strong intervention effort by the apex bank to cushion liquidity pressures in the face of tightening FX supply.

Data sourced from FMDQ Exchange reveals that total FX inflows into Nigeria's foreign exchange market fell by 12 percent month-on-month m/m to 3.4 billion in August, down from 3.8 billion in July. The decline comes after a brief uptick in inflows in July, which saw a 24 percent m/m rise.