Nigeria’s Central Bank Governor Yemi Cardoso on Friday, said the foreign exchange market experienced a boost of over $1 billion in liquidity in the “last few days.”
The CBN boss spoke during a presentation in the Senate floor in Abuja, where he gave assurance of the effectiveness of the recently implemented policies. He said there have been “positive results with significant interest”.
His words:
“We have already begun to see shifts in a positive direction. Indeed, we have already begun to see positive results with significant interest from foreign portfolio investors which was a concern that already begun to supply the much-needed foreign exchange to the economy.
“For example, upward of the last few days. We have had over $1 billion that have come into the market. And this quite frankly is the answer to the question.”