By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-The Central Bank of Nigeria (CBN) Thursday said Foreign Exchange (FOREX) Inflow in Nigeria April 2012 was US$3.24 billion and US$1.75 billion Outflow respectively.
This is contained in the CBN’s 2012 April Economic Report obtained by www.investadvocateng.com.
The Apex Bank said the US$3.24 billion Inflow and US$1.75 billion Outflow resulted in a Net Inflow of US$1.49 billion.
The Report said FOREX sales by Nigeria’s CBN to Authorised Dealers amounted to US$1.45 billion; indicating a decline of 39.2 percent (39.2%) below the level in the preceding month.
“Relative to the level in the previous month, the average Naira exchange rate vis-à-vis the US Dollar appreciated in all the segments (WDAS, interbank and bureaux-de-change segments) of the Foreign Exchange Market†the CBN Report said.
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