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Tag: naira tumbles

  • CBN, banks sell $9.9bn as naira tumbles to N1,670/$

    CBN, banks sell $9.9bn as naira tumbles to N1,670/$

    —

    by

    Emman Ovuakporie
    in

    The Nigerian Autonomous Foreign Exchange Market increased to N15.74tn ($9.90bn) in August 2024, an FMDQ report has stated. This came as the Central Bank of Nigeria revealed that foreign inflow into the country increased to $585m in the same month. Also, at the official market on Tuesday, the value of the naira dropped to N1,658…