CBN moves to boost naira, injects more dollars.
Barely three days after the naira weakened against the United States dollar, the Central Bank of Nigeria is set to boost the local unit with the injection of more dollars into the foreign exchange market this week.
The CBN was also planning to increase dollar supply with a view to ensuring liquidity in the interbank market.
This came barely one week after the apex bank promised to increase the sale of dollars to Bureaux de Change operators from $8,000 per week to $10,0000 twice a week.
The CBN has urged the general public to report to any bank that fails to meet customers’ needs within 24 hours to 48 hours after due documentation.