Naira Strengthens As CBN Interventions and Dangote Refinery Exports Boost FX Supply

The naira extended its gains against the U.S. dollar this week, breaking through key psychological levels at the official window, as the Central Bank of Nigeria (CBN) and increased foreign exchange inflows from Dangote Refinery supported market liquidity. Checks by MarketForces Africa revealed that tier-1 banks priced the naira at ₦1,468 per dollar in the … Continue reading Naira Strengthens As CBN Interventions and Dangote Refinery Exports Boost FX Supply