The Central Bank of Nigeria has announced a fresh injection of $120 million into the foreign exchange market, specifically targeting licensed Bureau De Change operators to curb currency speculation. CBN Governor Yemi Cardoso reaffirmed the apex bank’s commitment to monetary stability, projecting a gradual appreciation of the Naira against the US Dollar in the coming weeks. Financial analysts in Lagos have lauded the move, though they urge sustained policy consistency to assure foreign investors.
News Credit to our media partner The Nation .
