CBN Injects $471m In Three Days As Spot Exchange Rates Widen

Spot exchange rates moved in different directions across various market segments as the Central Bank of Nigeria (CBN) injected over $471 million into the foreign exchange (FX) market over a three-day period. The intervention aimed to stabilize the naira amid rising foreign portfolio investor (FPI) outflows and global market uncertainty. FPIs have continued to unwind … Continue reading CBN Injects $471m In Three Days As Spot Exchange Rates Widen