In Three Months, Forex Inflow Via IMTOs Hits $1.07bn   Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of 2024, from $770.23m recorded in the same period in the previous year. This was revealed in the...

'Nigeria Borrows $1.7bn to Boost FX Inflows'   Nigeria got $1.71bn in foreign loans to boost foreign exchange inflow into the country in the first nine months of 2023. Total capital importation including Foreign Direct Investment, Foreign Portfolio Investment, and others amounted to $2.82bn in the time...

Forex Inflows Into Nigeria’s Economy Drop By 40% To $26bn   Foreign exchange in flows into Nigeria’s economy fell year-on-year (YoY) by 40 percent to $26.32 billion in the first 11 months of 2022 (11m’22), from $44.01 billion in the corresponding period of 2021. Data from the...

Forex Inflows Hit 19-month Low   Foreign exchange inflows into the official forex market have dropped to their lowest level in the past 19 months as investors remain unimpressed by the efforts of the Central Bank of Nigeria (CBN). Foreign exchange (forex) inflows into the official Investors...