CBN Injects $500M to Tackle Forex Backlog and Boost Naira

Nigeria’s Central Bank (CBN) announced a significant injection of $500 million into the foreign exchange market. This decision aims to alleviate the persistent backlog of foreign exchange demand, signaling a robust approach to boosting the national currency, the Naira, which has been facing a downward trend. Strategic Financial Maneuvers to Revitalize the Naira As the […] source: https://www.cryptopolitan.com/cbn-injects-500m-to-tackle-forex-backlog/