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Tuesday, October 22
Nigeria’s foreign reserves have seen a net inflow of approximately $2.35 billion, strengthening the Central Bank’s reserves and contributing to stabilizing the naira.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1660 and sell at N1665 on Monday 23rd September 2024, according to sources atBureau De Change (BDC).
Edun explained that this net inflow has occurred consistently over the first seven months of the year, helping to boost Nigeria’s foreign exchange liquidity..
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