The Central Bank of Nigeria (CBN) recently announced significant losses totaling 13.9 trillion naira (approximately 9 billion dollars). These losses resulted from the settlement of overdue derivative contracts in 2024.

The Central Bank of Nigeria (CBN), headquartered in Abuja, has taken significant steps to prevent further depreciation of the naira. In light of increasing volatility in global markets and the impact of U.S. tariff policies, the CBN sold $197.71 million to official dealers on April 4. This decision aims to ensure "adequate liquidity" in the country's banking system amid devaluation pressure triggered by President Donald Trump's recent announcements regarding new import tariffs.