Olayemi Cardoso, governor of the Central Bank of Nigeria , says the country recorded a total foreign exchange inflow of about $24 billion in the first quarter of 2024.The CBN governor said the monetary policy tools employed by the apex bank are showing positive impacts on the FX market.
Cardoso said CBN has set up a committee to facilitate more inflow of diaspora funds into the official FX market. “We’ve had a recognition of the huge role the Nigerian diasporans play in remitting tremendous amounts of money into the system over some time,” he said.
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