THE Central Bank of Nigeria has disclosed that total foreign exchange inflow into the economy in the second quarter of 2016 was $15.33billion. According to CBN, this represented an increase of 3.7 per cent above the level at the end of the first quarter but, showed a decline of 35.3 per cent relative to the level at the end of the corresponding period of 2015. Economy The development the CBN said was driven by increase in oil and non-oil receipts.
THE Central Bank of Nigeria has disclosed that total foreign exchange inflow into the economy in the second quarter of 2016 was $15.33billion. According to CBN, this represented an increase of 3.7 per cent above the level at the end of the first quarter but, showed a decline of 35.3 per cent relative to the level at the end of the corresponding period of 2015. Economy The development the CBN said was driven by increase in oil and non-oil receipts.
