FX utilisation dips on lower invisible transactions

Punchng | 08-01-2025 03:55pm |

The demand for foreign exchange in the third quarter of 2024 dropped primarily due to a significant decline in invisible transactions. This was indicated in the latest Quarterly Statistical Bulletin published by the Central Bank of Nigeria on its website. Invisible transactions are non-physical transactions, such as school fees, student maintenance allowances, medical, and other Read More

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