The Central Bank of Nigeria reported an influx of more than $1.5 billion into the economy during the last several days, indicating that its monetary policy initiatives are working well.
The bank’s Acting Director, Corporate Communications Department, Mrs. Sidi Ali, made the assertions in a statement made vailable to The PUNCH on Friday.
She noted that data available to the bank indicated that the inflow resulted from the bank’s concerted effort to stabilise the foreign exchange market.
Details later…