Naira Strengthens As CBN Intervenes With Dollar Sales

The naira appreciated to ₦1,514 per dollar at the official foreign exchange market on Thursday, supported by improved dollar liquidity from the Central Bank of Nigeria’s (CBN) latest intervention. Data from the CBN showed the spot rate closed at ₦1,514.87, firmer than the previous day’s ₦1,521.46. The appreciation followed the apex bank’s sale of $15 … Continue reading Naira Strengthens As CBN Intervenes With Dollar Sales