Tag: FX inflows

Naira Posts Best Daily Gains Since March Amid Increased FX Inflows, Anticipated Interest Rate Hike

by Harry Choms

July 23, 2024

The naira recorded its best daily gains since March against the dollar due to increased inflows from the Central Bank of Nigeria (CBN). The CBN is also expected to raise ...

Nigeria borrows $1.7bn to boost FX inflows – NBS

by Ikenna Ngere

January 1, 2024

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 ...