Dollar Supply in Foreign Exchange Market Grows 226% as Naira Trades at New Rates in Official Market

Dollar Supply in Foreign Exchange Market Grows 226% as Naira Trades at New Rates in Official Market …C0NTINUE READING HERE >>>

The Nigerian foreign exchange market experienced increased forex turnover of about 226%The development comes as the Central Bank of Nigeria (CBN) said Nigeria’s FX reserves hit a three-year high of $40.88 billionAlso, the apex bank asked Nigerians to report banks that fail to make cash available to customers in ATMs and other channels

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Nigerian Autonomous Foreign…

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