Nigeria’s forex inflow suffers 54% decline in January

Nigeria’s forex inflow suffers 54% decline in January

Nigeria’s forex inflow suffers 54% decline in January     Inflow of foreign exchange into the Nigerian economy fell significantly in the first month of the year, January, data obtained from the Central  Bank of Nigeria (CBN) has shown. According to the monthly economic report for January released by the apex bank, aggregate foreign exchange inflow into the economy was $5.47 billion, showing decreases of 54.2 per cent and 67.5 per cent below its level in the preceding month and corresponding month of 2020 respectively. This was attributed to the…

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