Central Bank of Nigeria records $1.5bn inflow due to effective monetary policies and foreign investment, leading to naira appreciation.
Central Bank of Nigeria (CBN) records $1.5bn inflow, attributed to effective monetary policies and attracting foreign investment. The influx signifies improved confidence in Nigeria's economy, with the naira appreciating against the US dollar. CBN credits this development to ongoing efforts to stabilize the foreign exchange market, supporting economic resilience and sustainable development.
March 29, 2024
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