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CBN cultivates multiple FX sources to bolster inflows, lift economy - Daily Trust

Summary by Daily Trust
The Central Bank of Nigeria (CBN) is cultivating major sources of FX to increase dollar inflows, boost access to manufacturers and retail end users. From moves to boost diaspora remittances through new product development, the granting licenses to new International Money Transfer Operators (IMTOs), implementing a willing buyer-willing seller FX model, and enabling timely access to naira liquidity for IMTOs, the apex bank has simplified dollar-in…

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CBN cultivates multiple FX sources to bolster inflows, lift economy - Daily Trust

The Central Bank of Nigeria (CBN) is cultivating major sources of FX to increase dollar inflows, boost access to manufacturers and retail end users. From moves to boost diaspora remittances through new product development, the granting licenses to new International Money Transfer Operators (IMTOs), implementing a willing buyer-willing seller FX model, and enabling timely access to naira liquidity for IMTOs, the apex bank has simplified dollar-in…

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Africa.comAfrica.com

Nigeria’s Forex Inflow Surged to $17.4 Billion in Q4 2024

Nigeria’s net foreign exchange inflow rose to $17.39 billion in Q4 2024, driven largely by a 47.55% surge in autonomous inflows from remittances, exports, and foreign investments. According to the Central Bank of Nigeria (CBN), total forex inflows reached $27.81 billion, up 20.62% from the previous quarter. While autonomous inflows spiked to $16.27 billion, CBN… Read More »Nigeria’s Forex Inflow Surged to $17.4 Billion in Q4 2024

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TekediaTekedia

Net FX Inflow to Nigerian Surged to $17.39bn in Q4 2024 – CBN

The Central Bank of Nigeria (CBN), has revealed in its Fourth Quarter 2024 Economic Report, released on Monday, that the country’s net foreign exchange (FX) inflow surged to an impressive $17.39 billion in Q4 2024. This upswing, driven by a flood of autonomous sources like foreign investments, remittances, and export earnings, signals a bolstered forex […] The post Net FX Inflow to Nigerian Surged to $17.39bn in Q4 2024 – CBN appeared first on T…

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Daily Trust broke the news in on Tuesday, April 1, 2025.
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