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DOLLAR SCARCITY
As Nairametrics previously reported, the apex bank informed Nigerians that it will resume the provision of Forex to all commercial banks in Nigeria for onward sales to SMEs and Nigerian students in foreign schools.
As the country’s external reserve faces more pressure, foreign investors have been held down in Nigeria’s debt market.
The downward slide of the naira in the parallel market appears to be continuing unabated as the slump in crude oil prices