The country spent $160m from its foreign exchange on food importation in January according to figures obtained from the Central Bank of Nigeria. The CBN’s economic report on ‘Sectoral utilisation of foreign exchange’ for January showed that this was lower than $310m spent in December.
Part of the report read, “Total foreign exchange utilisation by sectors decreased by 40.3 per cent from the preceding month to $2.75bn, reflecting a drop in end-user demand for foreign exchange, owing to year-end ease in economic activities…
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News Archive from before July 2018