The Central Bank of Nigeria has tightened liquidity by mopping up N7.6 trillion, aiming to curb inflation and stabilize the naira, though business growth may be impacted.
Naira stabilization
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The EFCC has directed foreign missions in Nigeria to exclusively use the Nigerian naira for all transactions, aiming to strengthen the currency and reduce dollar dependency.
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The Central Bank of Nigeria calls for patience as it intensifies efforts to stabilize the Naira and address the foreign exchange market’s challenges, promising better economic conditions ahead.
