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						NAIRA GAINS AS BANKS OFFLOAD DOLLARS INTO FOREIGN EXCHANGE MARKET					
				
Olakunle Oke
February 1, 2024

Pressure on Nigeria’s foreign exchange market eased significantly on Wednesday as commercial banks responded to the Central Bank of Nigeria’s (CBN) 24-hour ultimatum to sell excess dollars. Banks offloaded dollars into the official market, leading to an 85.36% increase in dollar transactions compared to the previous day. This surge in activity pushed the daily foreign […]

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NAIRA GAINS AS BANKS OFFLOAD DOLLARS INTO FOREIGN EXCHANGE MARKET

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