CBN has capacity to sustain forex intervention, says Analyst

by | July 21, 2017 12:56 am

The Central Bank of Nigeria (CBN) has the capacity to sustain ongoing foreign exchange (forex) interventions despite the pressure on the foreign exchange reserves, ‘Biodun Adedipe, Chief Consultant of Biodun Adedipe Associates Limited, said on Thursday. This is coming as the nation’s currency on Thursday maintained stability, converging around N366 per dollar at both the investors and exporters…

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