Browsing: FOREX

The CBN received a total foreign currency inflow of $40 billion during the year compared to $62 billion a year earlier. The Central Bank of Nigeria has recorded a deficit or a net foreign currency outflow of $3 billion in 2020 (2019: $4 billion).

Today, by benefit of hindsight, it could be appropriately said that Emefiele was a prophet who saw tomorrow and quickly rallied his people to prepare for the impending storm. Not long afterwards, the real storm came bearing down on global economies.

Figures obtained from the CBN on Tuesday indicated that authorized dealers in the wholesale sector of the market received $100 million, while the Small and Medium Enterprises and the invisibles segments were allocated the sum of $55 million each.