NAIJA NEWS
The Central Bank of Nigeria (CBN) has said that it recorded an inflow of over $1.5 billion into the economy over the past few days.
The Acting Director of the Corporate Communications Department of the apex bank, Sidi Ali, made this known in a statement on Friday.
According to Ali, the CBN said the high inflow indicated that its monetary policy efforts are working positively.
She noted that data available to the bank indicated that the inflow resulted from the bank’s concerted effort to stabilise the foreign exchange market.
Ali said the naira has also continued to record gains in the Autonomous Foreign Exchange market, as it traded at N1,309/$1 as against N1,611/$1 in the second week of March 2024.
