In a bid to sustain the tempo of foreign exchange (FX) supply to the interbank FX market and ensure improved dollar liquidity, the Central Bank of Nigeria (CBN) has been intervening at the substantially on the markets.
The Central Bank of Nigeria, CBN, had in February 2017, released a new...
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cbn exchange rate policy
nairarates in nigeria
nairatodollaratenaira-dollar crisis
national economic council
nigeria naira
The Naira on Tuesday appreciated 0.16% to exchange at N305.00 to a dollar at the interbank market.
The Nigerian currency had closed at N305.50 for most part of last week at the interbank market before dropping 50k on Monday afternoon.
However, naira remained stable at the parallel market...
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