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Foreign exchange : Nigeria records 14.5 pct inflow in 2017 Q4
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Foreign exchange : Nigeria records 14.5 pct inflow in 2017 Q4

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Aggregate foreign exchange inflow into the Nigerian economy grew to $30.45 billion in the fourth quarter of 2017.

That is an increase of 14.5 per cent, compared to the preceding quarter.

Increased FX flows is attributed to the 22.7 per cent and 7.7 per cent increase in inflows through the CBN and autonomous sources.

The report also showed that FX inflows into the economy increased in the fourth quarter of 2017 as a result of the rise in the spot price of Nigeria’s reference crude oil, Bonny Light.