CBN Reports $31m Decline In Foreign Exchange Remittances In Nine Months

Despite the policies put in place by the Central Bank of Nigeria (CBN) to scale up the inflow of foreign exchange, statistics from the CBN revealed that the total direct foreign exchange remittances declined by 16.68 per cent Year-on-Year (YoY) to $1.55 billion in the nine months that ended September 2024, representing a drop by $31 million.

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