Dollar supply, which rose sharply to $407.66 million on Thursday, the same day the Central Bank of Nigeria (CBN) lifted the forex ban on 43 items, dropped by 86.99 percent on Friday. Data from the FMDQ showed that the dollar supply, which reflected the volume of transactions at the Investors and Exporters (I&E) forex window, declined to $53.02 million on Friday from $407.66 million the previous day. The CBN, on Thursday, restored the 43 items prohibited from access to foreign exchange (FX), eight years after, a move seen to usher…
Read MoreDollar supply drops by 86.99% after CBN restored 43 items
