The Central Bank of Nigeria (CBN) has injected $150 million into the nation’s foreign exchange (FX) market, a move aimed at calming volatility and reinforcing the naira’s recent momentum. The intervention, which saw the apex bank sell U.S. dollars directly to commercial banks, comes against the backdrop of fluctuating demand for foreign currencies—particularly the greenback. … Continue reading CBN Pumps $150m Into FX Market To Support Naira Stability