‘Naira Is Undervalued’— CBN Gov Unveils Forex Initiatives For 2024

The Central Bank of Nigeria has unveiled some of the policy directives that will boost foreign exchange inflow and improve naira valuation against the United States dollar.

The apex bank Governor, Olayemi Cardoso said the bank has approached the Ministry of Finance and the Nigerian National Petroleum Company Ltd to return all foreign exchange inflows to the CBN.