The US greenback turnover transactions surged by 21 per cent to $122.18 million because the Naira appreciated towards the US greenback on Tuesday on the international change market.
FMDQ information confirmed that USD transactions elevated to $122.18 million in comparison with the $96.13 million recorded on Monday.
The event comes because the Naira data N14.58, traded at N1,603.38 per USD on Tuesday, up from the N1,617.96 determine on Monday.
The Central Financial institution of Nigeria information confirmed that the international reserve stood at $34.33 billion as of eleventh March 2024 towards $34.11 billion posted on seventh March.
reporter recollects that the Economist Intelligence Unit had suggested the Nigerian authorities to contemplate international loans to unravel liquidity challenges going through its FX market.
