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CBN injects $580m to stabilise Naira amid dwindling reserves

Tribune Online CBN injects $580m to stabilise Naira amid dwindling reserves THE Central Bank of Nigeria (CBN) injected $580 million into the foreign exchange (FX) market in May 2025 as part of aggressive efforts to stabilize the naira and bolster market confidence. This intervention came despite a continued decline in the country’s external reserves, which stood at $38.045 billion by the end of May—raising concerns over […] CBN injects $580m to stabilise Naira amid dwindling reserves Tribune Online


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