As CBN Opens Official FX Market to BDCs, Dollar Crashes to N1,348/$

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•Oduwole: Capital importation rose to $21 billion in first 10 months of 2025


James Emejo and Adedayo Akinwale in Abuja and Nume Ekeghe in Lagos


The Naira strengthened to N1,348 against the US dollar on the Nigerian Foreign Exchange Market (NFEM) yesterday, indicating a 14-month high since the introduction of the official window in December 2024.

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