Nigeria’s Letter of Credit (LC) payments decreased by 57.04% in the first seven months of 2024, dropping from $912.35 million in 2023 to $391.91 million. This report is according to the Central Bank of Nigeria’s weekly International Payments Data on its website. A Letter of Credit (LC) is a financial instrument used in international trade. … Continue reading Nigeria’s Foreign Trade Payments; Forex Decreases By 57%