macro

Nigeria’s FX demand hits 15-year high of $18.34 billion in Q2 2026 - Nairametrics

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DW NOTE

Nigeria devalued the naira in 2023, 2024, and again in 2025. Each time the government promised market stability and export competitiveness. Q2 2026 FX demand just hit a 15-year high. Turns out devaluation doesn't fix chronic import dependence — it just makes the same structural problem more expensive in local-currency terms.

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Nigeria’s FX demand hits 15-year high of $18.34 billion in Q2 2026 - Nairametrics

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