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CBN FOREIGN EXCHANGE
Financial services accounted for $9.64 billion, representing 52.58% of Nigeria's total foreign exchange utilisation of $18.34 billion in the second quarter of 2026, as quarterly FX demand reached its highest level since Q3 2011.
Nigeria’s currency, the naira, appreciated against the US dollar at the official foreign exchange market on Monday, closing at N1,597.7/$1, according to data published on the Central Bank of Nigeria (CBN) website.
Nigerian banks have published the names, Bank Verification Numbers (BVN) and account numbers of forex defaulters.