Business
CBN promises to increase forex liquidity soon
President Bola Tinubu expressed his concern about market changes and their effects on Nigerians during their meeting, according to Shonubi.
Folashodun Shonubi, the Central Bank of Nigeria’s (CBN) acting governor, said the top bank will take action to increase market liquidity during the next several days.
Speaking on Monday, Shonubi revealed that President Bola Tinubu had expressed his concern about market changes and their effects on Nigerians during their meeting.
The acting CBN governor expressed his opinion that speculative demand is primarily responsible for market movements and expressed confidence that the actions that will be taken soon will have a major effect on the market.