FX market: CBN injects $198 million to boost liquidity, stabilize trading

From Adanna Nnamani, Abuja In a move to stabilize the foreign exchange market and ensure adequate liquidity, the Central Bank of Nigeria (CBN) on Friday, intervened by injecting US$197.71 million through sales to Authorized Dealers. CBN Director, Financial Markets Department, Omolara Duke in a circular at the weekend, said that the intervention was necessary due [...]The post FX market: CBN injects $198 million to boost liquidity, stabilize trading appeared first on The Sun Nigeria.

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