Cbn injects 340m into forex market

It seems like you're referring to a recent news article about the Central Bank of Nigeria (CBN) injecting a significant amount of money into the foreign exchange (forex) market.

According to the article, the CBN has injected a whopping N340 billion (approximately $900 million) into the forex market to stabilize the exchange rate and boost the economy. This move is aimed at addressing the scarcity of foreign exchange in the country, which has been affecting businesses and individuals who rely on imports.

The injection of funds is expected to increase the availability of foreign exchange, making it easier for importers to access the currency they need to import goods and services. This, in turn, should help to reduce the pressure on the exchange rate and stabilize the economy.

It's worth noting that the CBN has been taking steps to address the foreign exchange crisis in the country, including the introduction of new policies and measures to boost forex supply. The injection of funds is just one of the many measures the bank is taking to stabilize the economy and promote economic growth.

What do you think about this development? Do you think it will have a positive impact on the economy and businesses in Nigeria?