CBN Injects $197.71m to Stabilize FX Market as Naira Falls to N1,600/$ Under Pressure From Trump’s 14% Tariff on Nigeria

The Central Bank of Nigeria (CBN) on Friday, injected $197.71 million into the foreign exchange (FX) market in a bid to restore calm as the naira crashed to N1,600 per dollar—its weakest official exchange rate since December—under growing pressure from global economic shocks, including a 14% import tariff recently imposed on Nigeria by the United [...]The post CBN Injects $197.71m to Stabilize FX Market as Naira Falls to N1,600/$ Under Pressure From Trump’s 14% Tariff on Nigeria appeared first on Tekedia.

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