Nigeria’s foreign trade payments crash by 33%

Despite an improved supply of foreign exchange, Nigeria’s fulfilment of Letter of Credit payments plummeted by 33.28 per cent in the 12 months of 2024 compared to the same period in the previous year. The amount dropped by $435.51m from $1.31bn total letter of credit payments made via official channels in 2023 to $873.1m in

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