The country recorded a foreign exchange inflow of $55.5bn in seven months, data obtained from the Central Bank of Nigeria have shown.

The rise in forex inflow was attributed to increased non-oil receipts and proceeds from Eurobonds, among other factors.

According to the CBN’s economic reports, the country earned $18.3bn in the second quarter of 2021, $30.2bn in the third quarter, and $7bn in October.

The apex bank said foreign exchange inflow to the economy improved in the third quarter due to increased non-oil receipts.

– Punch