CBN reports $1.5 billion inflow into Nigerian economy

The Central Bank of Nigeria (CBN) has announced a significant inflow of over $1.5 billion into the country’s economy, signalling positive outcomes from its monetary policy interventions.

According to Mrs. Sidi Ali, the Acting Director of the CBN’s Corporate Communications Department, the influx of funds is a direct result of the bank’s strategic measures to stabilize the foreign exchange market.

The CBN said the achievement is due to the effectiveness of its monetary policies in attracting foreign investment and bolstering the country’s economic resilience.

The reported inflow of funds highlights investor confidence in the Nigerian economy and the CBN’s proactive approach to managing currency exchange rates and liquidity.

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The CBN’s efforts to stabilize the foreign exchange market are crucial in ensuring price stability, promoting business confidence, and supporting sustainable economic development.

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