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

by | June 12, 2017 10:13 pm



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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