How forex inflow into the economy rose in 2024 compared to 2023

  • The Nigerian economy recorded an increased forex inflows in the first 10 months of 2024
  • Information from the Central Bank of Nigeria shows that foreign exchange inflow into the economy rose by 65,7% to 46.92 billion
  • The inflow helped the naira’s recovery in the latter part of the year as it rallied against the US dollar in FX markets

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Net forex inflows into the Nigerian economy spiked by 65.7% yearly to $46 92 billion in the first 10 months of last year, up from $28.31 billion in 2023.