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

cbn intervention

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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