CBN assures on improving liquidity in FOREX market

The Central Bank of Nigeria (CBN), has said it will, in the next few days, take steps to improve the liquidity in the foreign exchange market.

The Acting Governor of the CBN, Folashodun Shonubi, said he had met with President Bola Tinubu, and he expressed his concern over the developments in the FOREX market and its impact on Nigerians.

The acting CBN governor said the changes in the market are driven mostly by speculative demand, but was confident that the steps would be taken soon that will significantly impact the market.