Forex Inflow Declines As Naira Dips To N1,556/$

Nigeria’s foreign exchange inflows declined by 12.9 per cent month-on-month (m/m) to $4.12 billion in February, down from $4.74 billion in January, according to data from FMDQ. This drop was driven by a broad-based decline in both foreign and local inflows, further exacerbating pressure on the naira, which depreciated to N1,556.63 per dollar at the [...]

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