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FX turnover decrease to $9.76bn in August as liquidity challenges persist

Nigeria’s total foreign exchange (FX) market turnover in August 2020 decreased by 9.80 percent to $9.76 billion from $10.82 billion recorded in July 2020 as the liquidity challenges in the FX market persist. The foreign exchange market has witnessed dollar shortages since early this year as a result of sharp drop in oil prices, which…

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