CBN Injects $50 Million Into FX Market To Curb Naira Volatility
The Central Bank of Nigeria (CBN) has intensified its efforts to stabilise the naira by injecting $50 million into the official foreign exchange market, a move designed to address the recent pressure on the local currency. On Tuesday, the apex bank sold foreign currency to authorised dealer banks at exchange rates ranging from ₦1,581.92 to … Continue reading CBN Injects $50 Million Into FX Market To Curb Naira Volatility
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