Nigerian Economy Records Over $1.5bn Inflow, Says CBN

The Central Bank of Nigeria has said that it recorded an inflow of over $1.5 billion into the economy over the past few days, indicating that its monetary policy efforts are working positively.

The bank’s Acting Director, Corporate Communications Department, Mrs. Sidi Ali, made the assertions in a statement made vailable to The PUNCH on Friday.

She noted that data available to the bank indicated that the inflow resulted from the bank’s concerted effort to stabilise the foreign exchange market.

Details later…