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The forex inflow comes after the CBN increased interest rate at the MPC meeting earlier in the week. There are indications that the monetary policy strategies deployed by the Central Bank of Nigeria (CBN) have started yielding positive outcomes as the Nigerian economy received a $1.5bn inflow over the past few days.The Acting Director of the Corporate Communications Department of the apex bank, Hakama Sidi Ali, revealed the achievement in a statement on Friday, March 29, 2024. She attributed the development to the CBN’s efforts to ensure stability in the foreign exchange market. Ali quoted ava…

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