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Remittance Flows Account for 9.4% of $39.12bn FX Reserves—CBN

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By Aduragbemi Omiyale The Governor of the Central Bank of Nigeria (CBN), Mr Yemi Cardoso, has informed the House of Representatives that Nigeria improved its foreign exchange (FX) reserves to $39.12 billion in October, with remittance flows, driven mainly by foreign capital inflows and receipts from crude oil-related taxes, accounting for 9.4 per cent. Speaking […]

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