During the first half of 2025, the Central Bank of Nigeria injected a total of 4.1 billion dollars into the foreign exchange market. This measure is aimed at stabilizing the naira and alleviating liquidity pressures in the foreign exchange market

The latest H2 2025 Outlook report from CSL Stockbrokers indicates that the 4.1 billion dollars injected is more than three times the 1.3 billion dollars recorded during the same period in 2024. According to an analysis of the data in the report, there was an increase of 215%. The statement comes as industry analysts expressed concerns about the sustainability of the currency's defense strategy, citing weak oil revenues, weak foreign portfolio investment flows, and uncertainties surrounding external financing

The report states: “The local currency, which opened the year at around 1,535 nairas/$ on the official market, showed a slight appreciation to end the first half at around 1,530 nairas/$, a gain of 0.4% since the start of the year. This relative stability has been largely supported by significant interventions by the CBN, which we believe have contributed to containing depreciation pressures, especially during periods of high