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Nigeria's Central Bank stabilizes the naira against the US dollar, boosting economic confidence.
The Central Bank of Nigeria (CBN) has achieved a significant milestone by aligning official and parallel market rates for the naira, stabilizing it against the US dollar.
This stability, driven by forex reforms and rising exports, has bolstered investor confidence and led to Nigeria being seen as a rising economic force.
Despite recent depreciation to N1,609 per dollar, the CBN's interventions have largely maintained stability, though experts emphasize the need for further macroeconomic reforms to sustain this progress.
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El Banco Central de Nigeria estabiliza la naira frente al dólar estadounidense, impulsando la confianza económica.