Naira Gains Strength: CBN Infuses $151M to Stabilize Currency
Nigeria's currency, the Naira, has shown significant appreciation against the US dollar. This positive shift follows a strategic intervention by the Central Bank of Nigeria, which injected $151 million into the foreign exchange market. The move aims to boost liquidity and alleviate mounting demand pressure, signaling proactive measures for economic stability.
THE naira strengthened against the US dollar, on Friday, after the Central Bank of Nigeria (CBN) sold $151 million to licenced banks, injecting liquidity into the foreign exchange market and easing demand pressure. The post Naira appreciates against dollar as CBN sells $151m to b
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