Net forex inflow falls 30% to .69bn, as outflow rose 53%

Net forex inflow falls 30% to $2.69bn, as outflow rose 53%

Nigeria’s Net foreign exchange inflow fell year-on-year (YoY)  by 30 per cent to $2.69 billion in October last year from $3.87 billion in the corresponding period of 2020.

The latest Monthly Economic Outlook report of the Central Bank of Nigeria, CBN, indicated that the decline in net inflow was driven by a massive rise in forex outflow during the period.

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