Naira Dips 6% Despite $53 Million FX Sales to Banks

MarketForces Africa

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Published Oct 7, 2024

Interbank Rates Increase as FX, OMO Debits Shrink Financial System Liquidity: The financial market has continued to price money at higher rates due to latest monetary policy tightening…Read more

Naira Dips 6% Despite $53 Million FX Sales to Banks: The naira lost about 6% of its purchasing power in the official foreign exchange (FX) market last week as FX sales to authorised dealer banks were insufficient to reduce volatility. Read more

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