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CBN Says Net Foreign Inflow Hit $9.35bn In February
The nation’s economy recorded a net foreign exchange inflow of $9.35bn in February.
The Central Bank of Nigeria disclosed this in its February monthly report.
It said Foreign exchange flows through the economy resulted in a net inflow of $9.35bn in the review period, compared with $9.99bn and $4.58bn at end-January 2020 and end-February 2019, respectively.
It said the external sector performance declined in February due to the 11.7 per cent decrease in the international price of crude oil to $58.45 per barrel.
The CBN added that the aggregate foreign exchange inflow into the economy amounted to $16.19bn, indicated a decrease of 4.4 per cent, compared with the preceding month.
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By Africa Business RadioThe nation’s economy recorded a net foreign exchange inflow of $9.35bn in February.
The Central Bank of Nigeria disclosed this in its February monthly report.
It said Foreign exchange flows through the economy resulted in a net inflow of $9.35bn in the review period, compared with $9.99bn and $4.58bn at end-January 2020 and end-February 2019, respectively.
It said the external sector performance declined in February due to the 11.7 per cent decrease in the international price of crude oil to $58.45 per barrel.
The CBN added that the aggregate foreign exchange inflow into the economy amounted to $16.19bn, indicated a decrease of 4.4 per cent, compared with the preceding month.
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