The Central Bank of Nigeria (CBN) provided 30.5% of U.S. dollar inflows into the official foreign exchange (FX) market last week, a move that contributed to the strengthening of the naira. The apex bank’s sustained interventions continue to influence the direction of the exchange rate, while investor confidence has remained firm amid the steady inflow … Continue reading CBN Accounts For 30.5% Of Dollar Supply In Nigeria’s FX Market