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flag Nigeria's Central Bank stabilizes the naira against the US dollar, boosting economic confidence.

flag 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. flag This stability, driven by forex reforms and rising exports, has bolstered investor confidence and led to Nigeria being seen as a rising economic force. flag 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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