Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, announced on Friday that the foreign exchange market has received a boost of over $1 billion in liquidity in recent days.
Cardoso made this statement during a presentation on the Senate floor in Abuja on Friday.
He further added that the recent reforms initiated by the apex have resulted in an upward shift in the FX market.
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The CBN Governor also reassured the Senate that the reforms have generated significant interest from foreign portfolio investors.
“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 has 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.”
