• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Monday, August 25, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

CBN Reports Upsurge In Dollar Inflow

by Mark Itsibor
1 year ago
in News
Share on WhatsAppShare on FacebookShare on XTelegram

The Central Bank of Nigeria (CBN) has reported an increase in foreign exchange inflow into the economy in February 2024, with increments in remittance payments by Nigerians overseas and purchases of naira assets by foreign portfolio investors.

Advertisement

In a press release issued this Thursday night by the apex bank’s acting director of corporate communications, Mrs Hakama Ali, she said, “The Bank’s data indicates that overseas remittances rose to US$1.3 billion in February 2024, more than four times the US$300 million received in January.”

“Foreign investors purchased more than US$1 billion of Nigerian assets last month, with total portfolio flows of at least US$2.3 billion recorded thus far in 2024 compared to US$ 3.9 billion seen in total for last year,” she added.

She said higher FX inflows continued in March 2024, driven by increased investor interest in short-term sovereign debt following the recent adjustment to benchmark interest rates.

She noted that Government securities issuances had been significantly oversubscribed, with foreign investors accounting for over 75 percent of bids received at the auctions conducted on March 1 and 6, 2024.

RELATED

2023 Polls: Be Thorough, Deliberate In Your Choice Of Leaders, Olu Of Warri Tells Nigerians

Association Lauds Olu Of Warri Over Peaceful Reign

2 hours ago
4 Rivers Communities Partner British Council On NEEDS Assessment

MWAN Decries Rise In Harmful Traditional Practices In Rivers

2 hours ago
ADVERTISEMENT

CBN Governor, Mr. Olayemi Cardoso, set out a strategy to curb inflation, stabilise the exchange rate, and spur confidence in the banking system and economy, using last month’s Monetary Policy Committee meeting and a conference call with foreign portfolio investors to set expectations for sustained increases in Nigeria’s foreign currency reserves and improved liquidity in the foreign exchange market.

“All the different measures we have taken to boost reserves and create more liquidity in the markets have started to pay off. When people understand the real issues and see a strategy and a plan, things tend to calm down. Our objective today is to ensure that the market has supply, that the market functions, and that investors can come in and go out,” he had stated.


Join Our WhatsApp Channel

Nigerians can now earn US Dollars monthly by acquiring domains cheaply and reselling for profits up to $18,000 (nearly ₦30Million). Beneficiaries include professionals, entrepreneurs, civil servants and more. Click here to start.


Tags: Central Bank of Nigeria (CBN)Dollar
SendShare10372Tweet6483Share
ADVERTISEMENT
Previous Post

Nigeria Aims to Unlock Billions Through Carbon Market Participation

Next Post

How Bandits Kidnapped Kaduna Primary School Pupils — Teacher

Mark Itsibor

Mark Itsibor

Mark Itsibor is a journalist and communication specialist with 10 years of experience, He is currently Chief Correspondent at LEADERSHIP Media Group and writes on Finance, Economy, Politics, Crime, and Judiciary. He has a B.Sc in Political Science, Post Graduate Diploma in Journalism (Print), and B.A in Development Communication. His Twitter handle is @Itsibor_M

You May Like

2023 Polls: Be Thorough, Deliberate In Your Choice Of Leaders, Olu Of Warri Tells Nigerians
News

Association Lauds Olu Of Warri Over Peaceful Reign

2025/08/25
4 Rivers Communities Partner British Council On NEEDS Assessment
News

MWAN Decries Rise In Harmful Traditional Practices In Rivers

2025/08/25
Tinubu
News

Electoral Reform: CSOs Want President Lose Power To Appoint INEC Chair

2025/08/25
Communal Crises: NEMA Distributes Relief Materials To Ebonyi Communities
News

Communal Crises: NEMA Distributes Relief Materials To Ebonyi Communities

2025/08/25
‘Nigerian-American Polymath Ready To Lead California’
News

‘Nigerian-American Polymath Ready To Lead California’

2025/08/25
measles
News

1,000 Nomadic Children Benefit From Vacation Courses In Bauchi

2025/08/25
Leadership Conference advertisement

LATEST

Association Lauds Olu Of Warri Over Peaceful Reign

MWAN Decries Rise In Harmful Traditional Practices In Rivers

Electoral Reform: CSOs Want President Lose Power To Appoint INEC Chair

Communal Crises: NEMA Distributes Relief Materials To Ebonyi Communities

‘Nigerian-American Polymath Ready To Lead California’

1,000 Nomadic Children Benefit From Vacation Courses In Bauchi

Association Wants Africa’s Democracy To Go Beyond Regular Elections

Buni Mourns Yobe Varsity’s Student Amina

Ekiti 2026: Otunba Fayose Alleges Threat To Life

Julius Berger, Others Partner To Plant 20,000 Trees In Army Cantonment

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.