CBN’s FX Intervention Rises By 25% To $1.9bn In One Month

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The Central Bank of Nigeria (CBN) intervention across Foreign Exchange (FX) market segments increased in October, with total intervention sales rising by 25 percent to $1.9 billion from $1.5 billion in September 2020. A report by FSDH research showed that the CBN sold $540 million to the SMEs, Invisibles and SMIS (retail and wholesale) segments.

– Businessday

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