09
Sep
The volume of US dollars that flew into the Nigerian autonomous foreign exchange (FX) market increased by more than 21% on a monthly comparison basis in July, according to data from the FMDQ Exchange platform. The surge was spurred by an improved revenue generation from foreign transactions. This boosted exporters FX inflows contribution to the currency supplied in the market in August as per data obtained from the FMDQ securities exchange platform. On the import side, Nigeria continues to raise demand for FX priced goods and services. The huge FX liabilities on the balance sheet of some listed companies triggered…