Elumelu declares forex market crisis over

Nigerian entrepreneur and Chairman of Heirs Holdings, Tony Elumelu, has declared that Nigeria’s foreign exchange crisis is over, stating that the FX market has now been stabilised.

Elumelu made the remarks on Friday, February 13, 2026, while addressing State House correspondents after a meeting with President Bola Tinubu at the Presidential Villa in Abuja.

According to him, businesses no longer face the severe foreign exchange access constraints that previously disrupted operations, noting that reforms introduced by the Central Bank of Nigeria (CBN) have restored predictability and stability to the economy.
.nairametrics