Nigeria: Exchange Rate Gap Narrows On Expanding Fx Inflows

Nigeria: Exchange Rate Gap Narrows On Expanding Fx Inflows

Price and exchange rate stability are key responsibilities the Central Bank of Nigeria (CBN) continues to entrench in the Nigeria macroeconomic environment. Sustaining these roles takes a lot of policy implementation ensuring that domestic and foreign investors' interest in the economy continues to soar.

Naira maintains pressure on dollar amid FX inflows into the markets

The Nigerian currency has maintained its pressure on the dollar for the fifth consecutive day, with the Central Bank of Nigeria releasing a new exchange rate.