Economic and Financial Review
Publisher
Central Bank of Nigeria
Keywords
External Sector, Nigeria, First Quarter
Abstract
Transactions in foreign exchange through the Central Bank of Nigeria resulted in a net outflow of N819.0 million in the first quarter of 1987, in contrast with a net inflow of Nl,580.8 million in the preceding quarter ang. a net outflow of N76.4 million during the corresponding quarter of 1986. The deterioration in the foreign exchange position during the quarter under review was attributable to the combined effects of a decline of 4.2 per cent in the level of inflow and a rise of 77 .6 per cent in the level of outflow.
Publication Title
CBN Economic and Financial Review
Issue
1
Volume
25
Recommended Citation
Central Bank of Nigeria (1987). Developments in Nigeria's External Sector during the First Quarter of 1987. CBN Economic and Financial Review. 25(1), 17-19.