The Central Bank of Nigeria (CBN) has said that the results of its policy measures are becoming evident, with net foreign exchange flows rising to $25.4 billion between January and June, marking a 55% increase year-over-year.
A statement from the apex bank on Wednesday added that this growth has been fueled by a rise in capital importation, which reached $6 billion in June 2024, and record inflows from diaspora remittances through formal channels.
Read more at Nairametrics
A statement from the apex bank on Wednesday added that this growth has been fueled by a rise in capital importation, which reached $6 billion in June 2024, and record inflows from diaspora remittances through formal channels.
Read more at Nairametrics