CBN defends naira with $7.6bn in five months
The Central Bank of Nigeria injected $7.6bn into the economy to stabilise the value of the naira in five months. This was obtained in the banking regulator’s monthly economic reports on foreign exchange market developments. According to the reports, the CBN intervened in the markets with $1.65bn, $1.39bn and $1.82bn in January, February and March,…