Foreign Inflows Anchor Naira As Domestic Dollar Supply Weakens
By FIDELUS ZWANSON NIGERIA’S foreign exchange market showed signs of resilience in September as foreign investments helped stabilise the naira amid a sharp drop in domestic dollar supply from the Central Bank of Nigeria (CBN) and major corporates. Data from FMDQ Exchange revealed that total FX inflows declined by 6% month-on-month to $3.2 billion, extending […]
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