fx market nigeria
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Nigeria Naira's Freefall: Banks’ FX Borrowing from CBN Heightens Pressure on Currency
The Naira has dropped sharply as banks’ borrowing from the Central Bank of Nigeria (CBN) for foreign exchange (FX) rises to 32%. This increase in borrowing rates has intensified pressure on the Naira, contributing to significant declines in both official and parallel market rates. The recent...- Nigeria News
- Article
- 2 min read
- cbn borrowing rates central bank of nigeria fx market nigeria naira depreciation naira to dollar exchange rate
- Category: Business
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