Nigeria’s volume of transactions in FX market hits $800m- CBN

The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has said that Nigeria’s volume of transactions in the exchange market rose to $800 million.

He stated this while addressing members of the House of Representatives at the sectoral debate on the economy.

“We are not a turning point and the bold reforms on the way across different segments of the economy, though initially challenging, are aimed at addressing these challenges sustainably,” he said on Tuesday.

“I am confident that positive outcomes are already emerging and will become more apparent in the near future. The dedicated and relentless efforts being made are certain to bring about significant and positive changes for our economy.

“On that note, I am happy to inform you that as at Monday, 5th of February 2024, the volume of transactions on our market was over $800 million. This is the first time in many years that it has achieved this level.”

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