Save Austin Fair Yudala banner
FOREX: CBN lifts supply with $180m…invisibles get $80m

By News Express on 21/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 475

•CBN Headquarters.
•CBN Headquarters.

The Central Bank of Nigeria (CBN) on Monday offered a total of $180 million to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances valued at $80 million, through the inter-bank window.

Confirming the figures, CBN Acting Director, Corporate Communications Department, Isaac Okorafor, said the wholesale requests would be settled today, Tuesday, March 21, 2017.

With the development, it is expected that the Naira will further strengthen in the foreign exchange market in the days to come.

While disclosing that the apex bank had so far met all the legitimate demands from genuine customers, Okorafor reiterated that the CBN would ensure sustainable forex liquidity and transparency in the process to enable as many customers as possible get access to the foreign exchange they genuinely demand.

He therefore advised eligible individuals with genuine foreign currency needs to freely approach their banks and authorised dealers with their request, stressing that the CBN had made adequate provisions of foreign currency for all such legitimate purposes.

Mr. Okorafor further advised legitimate customers to approach the CBN with their complaints should they be unfairly denied access.

 

Source News Express

Posted 21/03/2017 12:16:58 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Fuel Price Hike: Buhari’s hands tied, says Osinbajo...

Aregbesola ‘fantastically corrupt’ —Osun Civil Society groups

Threat to Amaechi’s life unacceptable —Rivers APC •Says...

WHO sacks Mugabe as goodwill ambassador

Ex-governorship candidate, 5,000 others dump PDP for APC...

Married father of 2 threatens suicide over rejection...

AIG moves to restructure Maritime Command

Boko Haram: Pray for Buhari —Jonathan

BoI, Ebony to sign N2bn MoU to empower...

News Express scores 100% as Ghana, Algeria join...

RIGHTSView: BRING BACK OUR GIRLS, YES, BUT WHAT...

Diaspora remittances to Nigeria fall for second consecutive...

 

Latest News Fidelity Bank pioneers tax payments, revenue collection with Instant Banking Solution NIMASA vows to fight piracy to the end PDP to decentralise power to states’ executives UN allocates $13.4m to support 1m suffering Nigerians Protesters shut down Abuja, call on Nigerians to support reformation of SARS 2019: Tinubu tackles Okorocha over mode of selection of APC presidential candidate NAF appoints Air Tactical Commander, sponsors training of female fighter pilot Anambra youths protest move to scrap SARS NSE market capitalisation loses N120b, amid sell pressure UEFA Champions League: Real Madrid draw formidable PSG, as Chelsea get FC Barcelona FG releases N1.2trn for 2017 capital expenditure Abia screens applicants for youth creation and employment programme

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (300,696 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (285,428 views) Shameless Genevieve Nnaji exposes breasts in public (230,308 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (193,258 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,338 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (169,955 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,104 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,431 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (130,508 views) Lagos plane crash: Journalist releases victims’ names (118,980 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,440 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (111,965 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,815) Business Verdict (27) Columnists (776) Complaints & Requests (94) Enterprise & Opportunities (195) Entertainment (419) Features (522) Global Business Monitor (192) International (1,686) Interviews (138) Live Commentary (28) Love Matters (92) News (30,944) Opinion (844) Pidgin (9) Politics (4,209) Religion (653) Sports (1,380) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!