Autonomous foreign exchange market inflows hit $3.04bn

From Chinwendu Obienyi, AbujaDespite the uncertainty and currency pressures in the foreign exchange market, latest data from the Financial Market Dealers Quotation (FMDQ), a capital market holding company and financial market infrastructure (FMI) group in Nigeria, has revealed that total inflows into the Nigerian Autonomous Foreign Exchange Market (NAFEM) experienced a significant rise, reaching a five-month high of $3.04 billion at the weekend.
The figure represents a 40.2 per cent increase mon