Tag: Inflow
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CBN reports increased forex inflow in February
The Central Bank of Nigeria (CBN) has reported a significant increase in foreign exchange inflow into the economy in February. Acting Director, Corporate Communications Department of the CBN, Mrs Hakama Sidi, said this in a statement on Friday in Abuja.
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Foreign exchange inflow hits $91b in 2017 – CBN report
The Central Bank of Nigeria (CBN), says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017. The bank disclosed in its 2017 annual report released on Thursday that the figure was an increase of 45 per cent from $62.75 billion in 2016. The bank also said the figure surpassed the…
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Investment inflow into Nigeria rises to $6.3bn – NBS
The National Bureau of Statistics (NBS) on Friday released the capital importation report for the first quarter of this year, with the investment inflow into the country estimated at $6.3bn. The investment inflow of $6.3bn is an increase of 17.1 per cent over the $5.38bn recorded in the fourth quarter of last year. The report…
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Lagos accounts for over 90 percent of Nigeria’s forex inflows – Finance Commissioner
The Lagos State Commissioner of Finance, Mr. Akinyemi Ashade has said the state controls over 90 percent of foreign exchange inflows into the country. Ashade said this in a presentation made to capital market stakeholders in Lagos titled: ‘Funding Lagos State Government’s Economic Agenda through Debt Capital Market’. The finance commissioner noted that with over…