Analysis of the fourth quarter 2021 statistical bulletin of the Central Bank of Nigeria has shown that the net foreign exchange (forex) inflow into the economy fell by 27 percent, Year-onYear. This is a drop to $52.46 billion in 2021 from $70.66 billion in 2020. The CBN data showed that forex inflow into the economy […]Read More
Report by the Central Bank of Nigeria has shown that Nigeria’s Net foreign exchange inflow fell year-on-year (YoY) by 30 percent to $2.69 billion in October 2021. This was a decrease from $3.87 billion in the corresponding period of 2020. The latest Monthly Economic Outlook by the bank indicated that the decline in net inflow […]Read More
The Central Bank of Nigeria said in its report on forex flows the net foreign exchange inflow into the Nigerian economy rose slightly to $2.77bn in July from $2.27bn in June. Despite the contraction in autonomous inflow, the apex bank added that the upward trajectory in crude oil prices improved forex inflow through the bank, […]Read More
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