CBN injects $210m into forex market

September 10, 2019
3 Views

Central Bank of Nigeria (CBN),

The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into the interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.

The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Tuesday.

Okorafor explained that the figures released by the CBN indicated that authorised dealers in the wholesale segment of the market were offered 100 million dollars while the Small and Medium Enterprises (SMEs) segment received 55 million dollars.

ALSO READ: Fayemi’s wife escapes by whiskers as hoodlums attack convoy

ALSO READ:

He said that another 55 million dollars was allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

The director reaffirmed the bank’s commitment towards ensuring stability in the foreign exchange market.

News Agency of Nigeria (NAN) reports that CBN had on Friday, Sept. 6, injected 321.11 million U.S. dollars and CNY33.3 million into the Retail Secondary Market Intervention Sales (SMIS) segment.

Meanwhile, N357 exchanged for a dollar at the Bureau De Change (BDC) segment of the market on Tuesday.

You may be interested

Golf Players from 7 countries expected in P/H Oct 1
News
1 views
News
1 views

Golf Players from 7 countries expected in P/H Oct 1

admin - September 22, 2019

<!-- The Minister of Information and Culture, Alhaji Lai Mohammed, during the tee off of the 2018 West African Golf…

Army intensifies campaign against insurgents in Lake Chad
News
2 views
News
2 views

Army intensifies campaign against insurgents in Lake Chad

admin - September 22, 2019

<!-- Nigerian Army --> Nigerian Army The Nigerian Army has embarked on community sensitisation in northern Borno and Lake Chad…

Ensure peaceful coexistence with others, IBB tells Igbo
News
2 views
News
2 views

Ensure peaceful coexistence with others, IBB tells Igbo

admin - September 22, 2019

<!-- IBB --> IBB Former military leader, Gen. Ibrahim Badamasi Babangida (IBB), on Saturday urged Igbos to ensure peaceful coexistence…

Leave a Comment

Your email address will not be published.