The Central Bank of Nigeria (CBN) conducted a series of FX interventions amounting to $250 million last week as it moved to protect the naira amid mounting currency pressures in the official market. The intervention followed a week of heavy selloffs, during which the naira weakened by N14 despite the CBN’s efforts to increase market … Continue reading CBN Injects $250m To Stabilise Naira As FX Pressures Intensify