Economic and Financial Review


Central Bank of Nigeria


External Sector, Nigeria, First Quarter


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.

Author Bio

The authors are staff of the Central Bank of Nigeria

Publication Title

CBN Economic and Financial Review





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.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.