Presidency: CBN Forex Window Records $25bn Inflows in One Year


Omololu Ogunmade in Abuja

The Presidency Friday released the record of its economic performance since 2015, stating that the new forex (FX) window introduced by the Central Bank of Nigeria (CBN) in April 2017, yields an average of $1 billion turnover every week and $25 billion inflows in one year.

According to a release by Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, the fact-sheet contained in a 41-page document showed that FX Window inflows culminated in a total turnover of $47.14 billion, which it said signalled a rising investors’ confidence in Nigeria.

Details later…