Nigeria’s FX market sees $409m drop in turnover amid CBN auction

Nigeria’s official foreign exchange (FX) market experienced a sharp decline in turnover during the first two weeks of August 2024, coinciding with the recent Retail Dutch Auction conducted by the Central Bank of Nigeria (CBN). Data from FMDQ, analyzed by Nairalytics, shows a significant drop of $409.16 million, with total turnover falling to [...]The post Nigeria’s FX market sees $409m drop in turnover amid CBN auction appeared first on National Daily Newspaper.

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