cbn pumps dollar forex market

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    Business CBN Pumps $240m In Forex Market To Crash Dollar

    The Central Bank of Nigeria, CBN, on Monday injected $90 million to meet requests by bank customers, in its bid to sustain the supply of foreign exchange and ensure liquidity in the market. The spokesperson of the bank, Isaac Okorafor, who confirmed the figure, said the fresh release is to meet...
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    Business CBN: Naira to Appreciate Further Against Dollar

    The Nigerian Naira is set to appreciate further against the Dollar this week as the Central Bank of Nigeria (CBN) won't soften its attack on the black market. The apex bank has been injecting forex into the market to meet demands of genuine customers. This has crashed the price of dollars...
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