Naira Strengthens As CBN FX Sales Restore Confidence In Currency Market

The Nigerian naira appreciated against the US dollar at the official exchange window after the Central Bank of Nigeria (CBN) stepped in with fresh FX supply to ease liquidity constraints. Spot FX data indicated that the naira strengthened to ₦1,518.88 per dollar, reflecting improved dollar availability following last week’s intervention. The CBN had injected $50 … Continue reading Naira Strengthens As CBN FX Sales Restore Confidence In Currency Market