The Central Bank of Nigeria (CBN) on Friday, injected $197.71 million into the foreign exchange (FX) market in a bid to restore calm as the naira crashed to N1,600 per dollar—its weakest official exchange rate since December—under growing pressure from global economic shocks, including a 14% import tariff recently imposed on Nigeria by the United … Continue reading CBN Injects $197.71m to Stabilize FX Market as Naira Falls to N1,600/$ Under Pressure From Trump’s 14% Tariff on Nigeria