The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown.
The rise in forex inflow was attributed to increased non-oil receipts and proceeds from Eurobonds, among other factors. According to the CBN’s economic reports, the country earned $18.3bn in the second quarter of 2021, $30.2bn in the third quarter, and $7bn in October.
The apex bank said foreign exchange inflow to the economy improved in the third quarter due to increased non-oil receipts…
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