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CBN Moves to Stabilise Naira, Buys $72m as Foreign Dollar Inflows Rise
The Business NG
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The Central Bank of Nigeria (CBN) has stepped into the foreign exchange market to stabilise the naira after the local currency recorded strong gains against the United States dollar.
The naira had appreciated steadily at the official foreign exchange window, supported by increased dollar inflows from foreign portfolio investors, exporters, remittances, and other eligible sources. The improved supply of foreign currency reduced pressure on
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