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Nigeria Injects 3.5M to Shore up Naira
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Nigeria Injects $543.5M to Shore up Naira

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Source: Bitcoin.com

Nigeria Injects $543.5M to Shore up NairaThe Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address currency volatility. The bank attributed the volatility to high demand for imports and seasonal factors. Nigeria is facing foreign exchange shortages and the government has taken various steps to counter it, including restricting […]

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Author: Terence Zimwara

Related posts:

  1. Nigeria’s Headline Inflation Increases as Central Bank Intensifies Foreign Exchange Controls
  2. Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
  3. Nigerian Currency Becomes Worst-Performing After Erasing All Early April Gains
  4. Nigeria Introduces System to Boost Forex Market Transparency
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