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Q1: Total Direct FX Remittances Declined by 6.28% YoY to $282.6m
Kayode Tokede
Despite efforts by the Central Bank of Nigeria (CBN) to attract foreign exchange into the country, total direct FX remittances dropped by 6.28 per cent Year-on-Year (YoY) to $282.6 million in the first quarter (Q1) ended March 31, 2024.
According to the Central Bank of Nigeria (CBN) “International Payments” data, total…
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