CBN Strategies Yield Positive Results, Fuel Rise in Nigeria’s FX Inflows
The Central Bank of Nigeria (CBN) has announced a significant increase in foreign exchange (FX) inflow into the country’s economy for the month of February 2024. The surge, attributed to higher remittance payments by Nigerians living abroad and increased purchases of naira-denominated assets by foreign portfolio investors, marks a notable boost to Nigeria’s FX reserves. …
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