Punch Newspapers·3 min read·hard
Interbank FX turnover jumps 70% to $94.43m
O
Odinaka Anudu
✦AI Summary
Nigeria's interbank foreign exchange turnover saw a significant 70% increase, reaching $94.43 million in a single trading session. This surge in activity was accompanied by a rise in the number of individual deals, signaling increased market participation.
Why it matters
Increased liquidity and turnover in the interbank FX market are critical indicators of Nigeria's financial stability and currency market health.
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