Over the past two weeks, the Central Bank of Nigeria (CBN) and other banking institutions have bolstered the supply of dollars to the foreign exchange market by a substantial $2.5 billion, resulting in a strengthening of the naira to N1,309 against the United States dollar. According to official data from the FMDQ Securities Exchange, the … Continue reading Naira Strengthens to N1,309/$ as Banks Inject $2.5 Billion into Forex Market