CBN’s $500m supply jolts FX market

CBN’s $500m supply jolts FX market

Nigeria’s FX market was shaken-up Tuesday following a huge intervention of $500 million by the Central Bank which is stepping up efforts to halt the devaluation of the naira on the blackmarke. Earlier in the morning, the apex bank had released to each of the banks the pledged allocation of $1 million and above to…

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