Forex Inflow Hits $10.7bn In Two Months - CBN Nigeria recorded $10.7bn aggregate foreign exchange inflow into the economy in April and May, figures obtained from the Central Bank of Nigeria (CBN) have revealed. The CBN disclosed this in its May economic report on foreign exchange...

FG Spent N408.5bn On Debt Servicing In February   The Federal Government spent 85.37 per cent of its revenue servicing debt in February. The Central Bank of Nigeria, in its monthly economic report for February 2023, noted that the Federal Government had a retained revenue of N478.57bn...

Net Forex Inflow Drops By 47% To $25bn   Net foreign exchange, forex, inflow to the economy fell 47 per cent, year-on-year, YoY, to $25.05 billion in 10 months to end of October last year. The decline was driven by a 27 per cent fall in forex...

Consumer Credit Rises By 40% To N2.1trn — CBN   The Central Bank of Nigeria (CBN) said that consumer credit rose 40 per cent, year-on-year, YoY, to N2.1 trillion in November last year from N1.5 trillion in November 2020, driven by a rise in the tempo...

Capital Inflow Drops By 29% As COVID-19 Cases Rise     Capital inflow into the country fell from $620m in July to $440m in August over the resurgence of the COVID-19 pandemic. The Central Bank of Nigeria stated this in its monthly economic report for August titled, ‘Foreign...

In Three Months, Forex Inflow Through CBN Hits $6.97bn           Foreign exchange inflow through the Central Bank of Nigeria in the third quarter of 2020 stood at $6.97bn. The CBN disclosed this in the third quarter economic report. It said, “Foreign exchange inflow through the Central Bank of...