CBN shortens FX settlement period as naira weakens

CBN shortens FX settlement period as naira weakens

The Central Bank plans to sell shorter-dated dollar forwards to inject liquidity into the official market and try to support the naira, traders said on Monday. The local currency has weakened on both the official and black markets despite a series of interventions. The naira fell to 328.50 on the official market on Monday with…

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