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Nigeria’s FX Turnover Surges to $1.45 Billion on Stronger Central Bank Liquidity

The naira traded within a tight band, closing the week at approximately N1,326.51 per dollar.

Daily foreign exchange turnover surged by 167.2% to hit $1.45 billion on September 10.

The Central Bank injected $151 million, driving transaction activity to its highest level since July.

Robust gross external reserves sitting above $54 billion provided strong macro stability buffers.

Nigeria’s FX Turnover Surges to $1.45 Billion on Stronger Central Bank Liquidity

The naira traded within a tight band, closing the week at approximately N1,326.51 per dollar.

Daily foreign exchange turnover surged by 167.2% to hit $1.45 billion on September 10.

The Central Bank injected $151 million, driving transaction activity to its highest level since July.

Robust gross external reserves sitting above $54 billion provided strong macro stability buffers.

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