“Why is Naira Struggling?”: CBN Records Highest Amount of Dollars to Enter Nigeria in One Month

Naira Crashes Against US Dollar Across Markets Despite CBN Forex Intervention

“Why is Naira Struggling?”: CBN Records Highest Amount of Dollars to Enter Nigeria in One Month …C0NTINUE READING HERE >>>

The CBN has reported a significant increase in remittance inflows of about $553 million in July 2024The figure, which marks the highest monthly total inflows on record, saw a hike of 130% compared to the same period in 2023The apex bank attributes the surge to policy measures, which include granting access to new IMTOs

Henzodaily.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

The Central Bank of Nigeria (CBN) has…

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