Naira Strengthens Across Markets With CBN Support For FX Demands

On Tuesday, Nigeria’s currency, the naira, saw widespread gains as pressures from international transactions and import settlements lessened. The Central Bank of Nigeria (CBN) has continued to supply funds to meet the growing need for U.S. dollars amid ongoing reductions in foreign exchange inflows. Recent FX figures indicate that the naira improved by 0.45% to … Continue reading Naira Strengthens Across Markets With CBN Support For FX Demands