Nigeria: CBN RT200 – Exports Rise By 137.9%, Capital Imports Slow to $1.5 Billion in Q1, 2022

The RT200 policy recently launched by the Central Bank of Nigeria (CBN) to incentivise export earnings has started to yield dividends as Nigeria’s export increased by 137.88 per cent in the first three months of 2022 to N7.1 trillion compared with N2.98 trillion recorded in the first quarter of 2021.

Also, capital inflow into the Nigeria declined by 28.09 per cent to $1.57 billion compared to N5.76 trillion recorded in the last quarter of 2021.

According to trade statistics released by the…