Nigeria Injects $543.5M to Shore up Naira
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The Central Bank of Nigeria (CBN) injected $543.5 million into the Nigerian foreign exchange market between September 6th and 30th to address…
Nigeria Acts to Stabilize Currency with Forex Auction
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The Central Bank of Nigeria (CBN) will reintroduce a foreign exchange auction system as part of efforts to ease pressure on the…
Designating Crypto as the Bogeyman Will Not Halt the Nigerian Currency’s Depreciation
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Labeling cryptocurrency a scapegoat, similar to blaming parallel market traders for the Nigerian currency’s woes, will not solve the underlying problems. Proactive…