FX demand for food products rose to $633.6m in Q3 2024 –CBN

By Chinwendu Obienyi Nigerians’ reliance on imported food products surged in the third quarter of 2024, as foreign exchange (FX) demand for the sector climbed by 16% quarter-on-quarter (q/q) to $633.6 million, according to data from the Central Bank of Nigeria (CBN)’s quarterly statistical bulletin. The sharp increase contrasts with an overall decline in FX [...]The post FX demand for food products rose to $633.6m in Q3 2024 –CBN appeared first on The Sun Nigeria.

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