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NAFEM: Dollar supply rises by 180% as banks sell $440m

todayFebruary 5, 2024 69

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Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday.

This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week. According to data from FMDQ Security Exchange, forex turnover rose by 180.59 percent to $440.13m on Friday from $156.86m on Thursday. However, aside from commercial banks, the Central Bank of Nigeria, oil firms and multinationals also sell dollars at NAFEM.

Written by: EaglesFM

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