25/02/2026
Nigeria?s Naira Stabilization Measures: Market Confidence Or Temporary Relief?
Nigeria increased its efforts to stabilize the naira in February 2026, following months of sustained volatility, inflationary pressure, and diminishing consumer purchasing power. The Central Bank of Nigeria (CBN) implemented new liquidity controls, tightened monetary policy, and expedited the clearing of foreign exchange backlogs due to foreign investors. These steps built on President Bola Tinubu#8217;s 2023 exchange rate liberalization policies, which consolidated Nigeria#8217;s various exchange rate windows in an effort to restore transparency and attract foreign investments. The original change had widespread support from international financial institutions. In a prior consultation,...
