Nigeria’s dollar squeeze summed up in one chart

FX turnover declined 78%, 71% and 64% in May, June and July 2020 compared to the same periods in 2019.

Dollar transactions at Nigeria’s Investors and Exporters (I&E) window slumped 47 percent to $36 billion between January to September 2020, from $68.8 billion a year ago, according to market data, in a sign of Nigeria’s bruising dollar crunch. Dollar inflows into Nigeria have ebbed this ye

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