Big Boost For Naira as Dollar Inflow Surge to $7.4 Billion in July

Big Boost For Naira as Dollar Inflow Surge to $7.4 Billion in July …C0NTINUE READING HERE >>>

The foreign exchange turnover in the FX market increased to $7.4 billion in July 2024, about N11,01 trillionThe surge in the FX rate represents a 10.2% rise from $6.72 billion recorded in the previous monthThe naira also appreciated in the period under review at about N1,500.32 to N1,621.12, compared to N1,473.66 to N1,510.10 it traded in June 2024.

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The foreign exchange…

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