Transactions on CBN’s I&E Window Hits $48bn

The cumulative transactions on the Investors and Exporters’ (I&E) foreign exchange window of the Central Bank of Nigeria’s (CBN) have risen to $48 billion since the apex bank created the market 21 months ago, investigation has revealed.

The Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, who confirmed this development in an interview with THISDAY, added that out of the stated amount of inflows, the apex bank purchased about $9.67 billion.

“The I&E window has attracted about $48 billion inflows since inception. Of this amount, the CBN purchased about $9.67 billion,” the CBN spokesman said in a note in response to THISDAY’s enquiries.

The surge in the inflows recorded on the I&E, it was learnt, was attributed to offshore investors’ interest in Nigeria’s fixed income securities.

THISDAY, February 6, 2019

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