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.
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.”
