CBN defends naira with $5.62bn in three months

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The Central Bank of Nigeria injected $5.62bn into the foreign exchange market in the fourth quarter of 2020 as part of efforts to ensure the stability of the naira. This was an increase of N1.25bn from $4.37bn intervention in the economy by the banking regulator in the third quarter. The CBN disclosed this in its…The post CBN defends naira with $5.62bn in three months appeared first on Punch Newspapers.



Source: Punch Newspaper