BREAKING: CBN to intervene in FX market, lifts ban on 43 items

The Central Bank of Nigeria (CBN) says it will boost liquidity in the foreign exchange market by intervening “from time to time”.

The apex bank, in a statement issued on Thursday, said that as market liquidity improves, the interventions will “gradually decrease”.

The CBN also announced the lifting of the ban on 43 items previously restricted from purchasing forex.

More to follow…