Dollar Inflows To Nigeria’s FX Market Drop 76% Amid Reserve Pressure And Stronger Naira

The Nigerian foreign exchange market recorded a significant decline in weekly dollar inflows, plunging by 76.5% to $1.04 billion, as reported figures highlighted a sharp reduction in alternative sources of foreign exchange. The prior week had seen an inflow of $4.42 billion, but the latest data shows a dramatic drop, even as the naira held … Continue reading Dollar Inflows To Nigeria’s FX Market Drop 76% Amid Reserve Pressure And Stronger Naira