Dollars Continues Freefall Downwards As CBN Pumps $180m Into Forex Market

The Central Bank of Nigeria (CBN) injected another $180 million into the foreign exchange market, prompting the Naira to further appreciate by N10 against the dollar in the parallel market. Details of the foreign exchange supply showed that the apex bank injected $100m into the wholesale forwards segment of the market and sold an additional $80m into the banks specifically for the via IFTTT