CBN OMO sales lift naira despite $1.14bn reserves drop
The naira strengthened over the four trading days of the week, supported by aggressive liquidity mop-up through Open Market Operations (OMO) by the Central Bank of Nigeria (CBN), which helped attract foreign inflows and boost demand for the local currency. Data from the CBN showed that the naira appreciated by N23.90 week-on-week to close at […] read more CBN OMO sales lift naira despite $1.14bn reserves drop
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