FX utilisation dips on lower invisible transactions

The demand for foreign exchange in the third quarter of 2024 dropped primarily due to a significant decline in invisible transactions. This was indicated in the latest Quarterly Statistical Bulletin published by the Central Bank of Nigeria on its website. Invisible transactions are non-physical transactions, such as school fees, student maintenance allowances, medical, and other

Read More

Check Also

FG set to take over 157 abandoned Almajiri schools

The Federal Government has disclosed plans to retake control of Almajiri schools established during the …

Leave a Reply

Your email address will not be published. Required fields are marked *