Nigeria’s aggregate foreign exchange inflow in the fourth quarter of 2020 rose to $23.60 billion from $21.46 billion in the third quarter, the Central Bank of Nigeria (CBN) indicated.
This, the apex bank said, revealed an increase of 10.0 percent over the previous quarter, but a decline of 35 percent below the level in the corresponding quarter.
The report noted that the foreign exchange outflow through the economy rose by 13.1 per cent above the third quarter of 2020 to $8.38bn in the review period but declined by 51.5 per cent below the level in the corresponding quarter of 2019.
It said foreign exchange flow through the economy resulted in a net inflow of $15.22 billion in Q4, 2020, compared with the net inflow of $14.05 billion and $19.05 billion in the preceding quarter and corresponding quarter of 2019 respectively.
