Nigeria’s forex inflow hits $55.5bn in seven months - Punch Newspapers

The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown.

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. It said, “Foreign exchange inflow into the economy rose significantly by 65.0 per cent to $30.20bn, compared with $18.3bn in the preceding period. The development was driven by the 158.4 per cent and 13.4 per cent increased inflow through the CBN and the autonomous sources, respectively.

I’ll say this, oil isn’t the only thing we can export. Intellect…. Build better bridges to other thriving economies.

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