Nigeria’s Economy Experiences Surge in FX Inflow as Naira Appreciates Against The Dollar

Nigeria’s Economy Experiences Surge in FX Inflow as Naira Appreciates Against The Dollar …C0NTINUE READING HERE >>>

The Nigerian economy experienced a net forex inflow of $7.6 billion in the first half of 2024 CBN data says that the increase was due to a 34.6% yearly increase in net inflows via autonomous sourcesThe development comes as the Nigerian currency appreciated marginally in the official market

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Net FX inflows to Nigeria increased by 67.8% to $7.6 billion in the first half of 2024 from $16.44 billion recorded in 2023.

The development is due to a 34.6% yearly rise in net inflows…

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