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The value of foreign exchange inflows to the economy through the International Money Transfer Operators (IMTOs) rose sharply in 12 months to $4.76 billion, the Central Bank of Nigeria (CBN) quarterly statistical bulletin has shown. The post Forex Inflows from IMTOs Rise by 44.5% appeared first on Economic Confidential…Read More

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Naira Holds Firm Against Dollar in Black Market ‎The naira remained stable against the US dollar in the parallel market on Monday. ‎A source at the Abuja black market told Economic Confidential that as of May 26, the naira traded at ₦1,610/$1 for buying and ₦1,617/$1 for selling—unchanged from Friday’s closing rate of ₦1,617/$1…Read More

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