Forex Inflows Rise By 31.9% To 5-month High In July

WIRE — Total inflows into the Nigerian Foreign Exchange Market (NFEM) climbed to a five-month high of $4.36 billion in July, driven largely by increased interventions by the Central Bank of Nigeria (CBN) and stronger participation from local sources, according to the latest data from FMDQ. The data indicated that total inflows rose by 31.9 per cent

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