CBN’s FX intervention grow by 118 pct to $48 billion

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The Central Bank of Nigeria, CBN, cash injection into the nation’s foreign exchange market rose by 118 percent to about $48 billion in 2018 from $22 billion in 2017. The cash injections were dominated by the settlement of matured forward contracts estimated at $16 billion in 2018. The sharp increase was triggered by the decision […]