Nigeria Injects $543.5M to Shore up Naira

The Central Financial institution of Nigeria (CBN) injected $543.5 million into the Nigerian overseas trade market between September sixth and thirtieth to deal with forex volatility. The financial institution attributed the volatility to excessive demand for imports and seasonal elements. Nigeria is going through overseas trade shortages and the federal government has taken varied steps to counter it, together with proscribing […]



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