USD/NGN: Naira: Tinubu Pledges to Ease Liquidity Crunch: Nigeria Summit

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USD/NGN: Naira: Tinubu Pledges to Ease Liquidity Crunch: Nigeria Summit

Nigeria expects to receive $10 billion of inflows in the coming weeks that will help ease a liquidity crunch weighing on the naira.The government has

Nigeria expects to receive $10 billion of inflows in the coming weeks that will help ease a liquidity crunch weighing on the naira.

The government has a “line of sight” on the inflows into the country “in weeks rather than months,” Finance Minister Wale Edun said at the Nigerian Economic Summit in the capital, Abuja, on Monday. He didn’t give details.

www.bloomberg.com

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