Naira Strengthens As CBN Boosts Dollar Liquidity In FX Market

The Nigerian naira appreciated against the US dollar on Tuesday in the official foreign exchange market, as the Central Bank of Nigeria (CBN) injected additional dollar liquidity to ease demand pressures. According to a report by investment banking firm CardinalStone Partners Limited, the CBN intervened in the market, selling over $30 million at rates ranging … Continue reading Naira Strengthens As CBN Boosts Dollar Liquidity In FX Market