CBN Moves to Stabilise Naira, Tightens Forex Controls Amid Market Pressure

The Central Bank of Nigeria (Central Bank of Nigeria) has reportedly rolled out new policy adjustments targeted at stabilising the naira and strengthening foreign exchange supply in the economy.

The development, recorded as of Friday, May 15, 2026, comes amid ongoing pressure on the local currency in both official and parallel market segments, with stakeholders calling for more consistent FX management strategies.

According to financial market updates, the apex bank’s latest interventions are focused on improving liquidity, reducing speculative trading activities, and ensuring more transparent access to foreign exchange for legitimate business needs.

Economic analysts say the move is part of broader efforts to restore investor confidence, stabilise inflation expectations, and support Nigeria’s import-dependent sectors, which continue to feel the impact of currency fluctuations.

The Central Bank has in recent months introduced a series of reforms aimed at unifying exchange rate mechanisms and tightening regulatory oversight of FX transactions in a bid to reduce market distortions.

Market operators have expressed cautious optimism, noting that while the new measures may help reduce volatility in the short term, sustained stability will depend on broader macroeconomic reforms, including export growth and improved foreign inflows.

The latest policy direction reflects ongoing attempts by monetary authorities to navigate Nigeria’s complex economic environment while balancing growth, inflation control, and currency stability.