The Central Bank of Nigeria (CBN) recorded total foreign exchange sales of $953.41 million in March 2026, marking the highest monthly level since April 2025.
The figure was disclosed in the apex bank’s latest Quarterly Statistical Bulletin, highlighting a sharp increase in foreign exchange supply during the month.
What you should know
The March increase represents a significant rise in the volume of foreign exchange sold by the CBN compared with the first two months of 2026.
The higher level of FX sales came amid efforts to improve liquidity in the foreign exchange market and support orderly market conditions.
The March figure also represents the strongest monthly intervention recorded by the CBN since April 2025.
What the data is saying
$953.41 million sold in March
The CBN sold a total of $953.41 million in foreign exchange during March 2026.
This was the highest monthly amount recorded since April 2025.
FX sales surged from February
The March figure was almost four times the $244.13 million recorded in February.
It also represented a substantial increase from the $58.93 million supplied by the CBN in January.
Strong increase in FX supply
CBN FX sales therefore rose from $58.93 million in January to $244.13 million in February before surging to $953.41 million in March.
The sharp increase indicates a significant acceleration in the central bank’s foreign exchange supply during the first quarter, particularly in March.
