GTB 737 banner Yudala banner

Forex: CBN assures of more interventions

By News Express on 15/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 382

•CBN Governor Godwin Emefiele.
•CBN Governor Godwin Emefiele.

In spite of a lull in forex trading activities towards the end of last week, the Central Bank of Nigeria (CBN) has assured of its continued intervention in the inter-bank market.

A reliable source at the CBN revealed that the bank was determined to ensure that the gains made by it in recent times, with regards to the stability of the exchange rate, are not eroded. 

While disclosing that the Bank did not make major interventions all through the week ending May 12, 2017, because there was a surfeit of foreign exchange in the system, the source maintained that the CBN would continue to make necessary interventions to ensure the stability of the naira.

The source further disclosed that the windows established by the CBN for Small and Medium Enterprises (SMEs) as well as for investors and exporters were yielding the desired results by providing access to forex and easing pressure on the market.

Speaking on the matter, the Acting Director of Corporate Communications at the CBN, Isaac Okorafor reiterated the Bank's commitment to ensure that there is enough supply of forex to genuine customers to achieve the goal of forex rates convergence.

It will be recalled that the CBN since February 2017 has been involved in massive interventions in all segments of the interbank market to ensure liquidity and availability of forex.

Source News Express

Posted 15/05/2017 12:34:48 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...
IPMAN chairman laments activities of pipeline vandals

APC hails military for stepped-up war against Boko...

Dogara rules out trial for lawmakers accused of...

Why I Didn’t Celebrate Christmas!

Airtel Nigeria emerges best brand in Facebook Engagement...

It will be a sunny and hazy Sunday,...

Delta APC faction ready for national fact-finding committee...

Shake-up in Navy: 34 Rear Admirals, 4 Commodores...

Development Bank to boost SMEs’ growth: Adeosun

FIFA writes US authorities, asks for the return...

Africa’s World Cup campaign off to a poor...

Released: List of passengers and crew of crashed...

 

Latest News Intersociety cries out over ‘95 per cent dominance of key Army formations in Igbo Land by Northern Muslim Officers’ FG jacks up 2018 Budget to N8.6 trillion Ex-soldier dies of heart attack after watching video of son’s beating for allegedly sleeping with ex-wife of Police officer Crisis rocks APC; 17 governors plot Oyegun’s removal as National Chairman Gallant soldier bags special promotion for ‘daring bravery’ in war against Boko Haram FG under fire for appointing sacked director a Perm Sec Enugu plans to post specialists, consultants to district hospitals SEEFOR trains 12,000 Delta youths America investigating death of soldiers in Niger ambush Nana Rawlings to interact with women on leadership, governance during Abuja Conference Magu charges EFCC staff to uphold professionalism Bayelsa Council Chairmen told to reside within their domains

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (287,336 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (269,940 views) Shameless Genevieve Nnaji exposes breasts in public (218,157 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (183,514 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (179,380 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (161,959 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (140,412 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (128,653 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (123,541 views) Lagos plane crash: Journalist releases victims’ names (114,073 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (112,081 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (104,440 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,726) Business Verdict (24) Columnists (757) Complaints & Requests (93) Enterprise & Opportunities (183) Entertainment (395) Features (497) Global Business Monitor (187) International (1,581) Interviews (134) Live Commentary (28) Love Matters (78) News (29,471) Opinion (826) Pidgin (8) Politics (3,988) Religion (645) Sports (1,338) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Advert

 

 

#MonkeyPox outbreak

 

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!