Naira to strengthen further as CBN injects $413.5m into forex market

Naira to strengthen further as CBN injects $413.5m into forex market

The naira is expected to firm further against foreign currencies following the interventions of the Central Bank of Nigeria (CBN) in the interbank foreign exchange market to the tune of $413.5 million. This intervention further underscores the CBN’s resolve to guarantee liquidity in the market as well as shore up the international value of the…

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