Navigating through turbulence: A look at the CBN’s policy initiatives to stabilise Nigeria’s forex market

According to a Business Day article (“Inflation: Rice, noodles, and garri prices double, leaving millions struggling to eat”) dated February 9th, 2024, the cost of staple food items saw a sharp, 100 percent increase between May 2023 and February 2024. A bag of rice, previously selling for betwee