ANALYSIS: Dollar rationing to persist on meagre inflows

Naira trades flat at N502 against dollar on Nigerian streets

November 2020 Economic Insight By NOVA Reasearch Analysts Dollar Rationing to Persist on Meagre Inflows and Rising Outflows The CBN intervention across segments of the FX market improved in the month of October, with total intervention sales rising 25% MoM to $1.9 billion from $1.5 billion in September, albeit below the average of $2.0 billion over Q1 2020 when inflows moderated the level of interventions. CBN sales to the SMEs, Invisibles and SMIS (retail and wholesale) segments totaled $540 million compared to $400 million in September. Non-auction sales increased to…

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