In order to stabilise the naira against foreign currencies, particularly the dollar, the Central Bank of Nigeria (CBN), injected about $7.6 billion between January 2022, and May. In its monthly economic reports on foreign exchange market developments, the CBN revealed that it intervened in the markets with $1.65 billion, $1.39 billion, and $1.82 billion in … Continue reading CBN Injects $7.6bn To Stabilise Naira