$4.4bn FX weekly turnover exposes vulnerability of Nigeria’s foreign exchange market, says Oye

…warns against dollarisation of the nation’s economy

The Chairman of the Alliance for Economic Research and Ethics (AERE), Dele Oye, has said that the record $4.375 billion recorded in Nigeria’s foreign exchange market within a single week has exposed the vulnerability of the country’s currency market and highlighted the need for better transparency and deeper structural reforms.

Oye, in a…