Foreign exchange inflow rose to $27.81bn in Q4, 2024 – CBN
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Foreign exchange inflow through the economy to US$27.81billion in the fourth quarter of 2024.
Figures obtained by Dailyeconomy from the Central Bank of Nigeria (CBN)’s 2024 fourth quarter economic report revealed.
According to the report, the economy recorded a higher net foreign exchange inflow, driven largely by inflow through autonomous sources. Foreign exchange inflow through the economy increased by 20.62 per cent to US$27.81 billion from US$23.06 billion in Q32024.
Inflows through the Bank decreased by 4.05 per cent to US$11.54 billion from US$12.03 billion, while autonomous sources rose by 47.55 per cent to US$16.27 billion from US$11.03 billion in the preceding quarter.
Foreign exchange outflow through the economy rose by 31.37 per cent to US$10.42 billion, relative to the level in Q32024.
Outflows through the Bank and autonomous sources at US$8.99 billion and US$1.43 billion, increased by 22.98 per cent and 129.59 per cent over the respective levels in the preceding quarter.
Consequently, net foreign exchange inflow through the economy increased by 14.99 per cent to US$17.39 billion from US$15.13 billion in the preceding quarter. An increase was also recorded in net inflow through autonomous sources to US$14.84 billion from US$10.40 billion in the preceding quarter.
A net inflow of US$2.56 billion was recorded through the Bank, compared with a net inflow of US$4.72 billion in Q32024.
