Naira Weakens to N1,670/$, CBN, Banks Intervene

According to an FMDQ report, foreign exchange turnover via the Nigerian Autonomous Foreign Exchange Market surged to N15.74 trillion ($9.90 billion) in August 2024. This increase coincided with the Central Bank of Nigeria’s revelation that foreign inflow into the country rose to $585 million during the same month. At the official market on Tuesday, the … Continue reading Naira Weakens to N1,670/$, CBN, Banks Intervene