The governor of the Central Bank of Nigeria, Olayemi Cardoso, says continued liquidity in the foreign exchange market will sustain naira's appreciation. Cardoso disclosed this on Wednesday during the ongoing International Monetary Fund/World Bank Spring Meetings held in Washington, D.C., United States.
The governor of the Central Bank of Nigeria, Olayemi Cardoso , says continued liquidity in the foreign exchange market will sustain naira's appreciation. Cardoso disclosed this on Wednesday during the ongoing International Monetary Fund/World Bank Spring Meetings held in Washington, D.C., United States. He explained that Nigeria's FX market has sufficient liquidity, between $600 million and $1 billion.
recalls that the naira recorded a significant N75 gain against the dollar at the foreign exchange market on Wednesday.
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