CBN’s new fx manual takeoff triggers naira, reserves rebound

Nigerian Tribune

CBN’s new fx manual takeoff triggers naira, reserves rebound

By: Michael Nwaduke THE ongoing implementation of the fourth edition of the Foreign Exchange Manual by the Central Bank of Nigeria (CBN) since June 1, has strengthened the naira and triggered foreign reserves growth. The naira appreciation was supported by improved liquidity in the Nigerian Foreign Exchange Market (NFEM) window, alongside growing external reserves that […] The post CBN’s new fx manual takeoff triggers naira, reserves rebound appeared first on Tribune Online .

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