Nigeria’s external reserves dipped to $38.045 billion as the Central Bank of Nigeria (CBN) intensified efforts to stabilise the naira, deploying a total of $580 million in foreign exchange (FX) sales during May 2025. This robust intervention strengthened the local currency but has reignited concerns about the sustainability of such support and its implications for … Continue reading CBN Spends $580 Million To Shore Up Naira Amid Rising Dollar Demand