$309million Flows into Nigeria's Forex Market in One Trading Day as Naira Improves
The Nigerian foreign exchange market recorded an inflow of $309 million on Monday - a considerable surge from Friday’s transactions, The Cable reports.Bola Onadele, head of market regulator, FMDQ OTC securities exchange,told Reuters that the trade included one $270 million transaction at 345 naira per dollar, by foreign investors buying local currency bonds.The inflow of [...]
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