NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
CBN floods forex market with $457.3m

By News Express on 16/05/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 928

•CBN Acting Director, Corporate Communications, Isaac Okorafor.
•CBN Acting Director, Corporate Communications, Isaac Okorafor.

After a lull witnessed in the foreign exchange market last week, the Central Bank of Nigeria (CBN) on Monday injected the sum of $457.3 million into various segments of the market.

A breakdown of the offers indicates that both the spot and forwards segments garnered a total of $267.3 million while the wholesale segment got $100 million.

Also, the SME and invisibles segments comprising of Basic Travel Allowance, tuition fees and medical got and $50 million and $40 million respectively.

Meanwhile, a check on the volume of trading on the Investors and Exporters foreign exchange window in the past three weeks on the FMDQ platform revealed that the sum of $600 million has for been sold by both the CBN and autonomous sources.

When contacted for comments on the developments in the market, CBN Acting Director, Corporate Communications, Isaac Okorafor, expressed satisfaction with the level of activities in the market. While confirming the sales figure for the day, Mr. Okorafor singled out the Investors and Exporters segment noting that the volume of activities is indicative of the fact that investors are being attracted to the financial market and the economy in general. 

Source News Express

Posted 16/05/2017 07:05:05 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Before the next round, by Edwin Madunagu

Ex-Governor rushed to hospital from EFCC custody, admitted...

Newspaper publisher faces N7 billion libel suit •FCT...

21 Boko Haram collaborators in military’s net

South African Government moves to regulate Uber drivers...

NGO sensitises female IDPs on self-protection against rape...

Nigerian attacker, Ikechi Anya, lines up against fatherland...

Breaking News: Achebe’s body arrives Abuja

Woman jailed for stealing wrapper regains freedom

British boxer dies after winning heavyweight fight

Northern leaders meet in Damaturu

Lagos hunts for more Foreign Direct Investment, deepens...

 

Latest News Ex-militants threaten to resume hostilities 2019: APC governors adopt Buhari as consensus candidate Melaye vs Police: Embattled Senator’s spokesman clears the air Dutch cargo ship hijacked off coast of Nigeria, seize 12 crewmembers BREAKING: Senate adjourns over Melaye, summons IGP Ibrahim Idris Daniel woos Afenifere, says Atiku’s Presidency will support restructuring of Nigeria Oshiomhole’s endorsement as APC National Chairman as childish: Odigie-Oyegun Cable TV front desk officer slammed with 22-count charge for N14m fraud, remanded in prison custody NPA bans return of empty containers to seaports Dino Melaye’s arrest ‘a sad reminder of Hitler’s Gestapo strategies’ — Ozekhome Kano Govt. owes retirees N13bn gratuities Saraki announces Special Panel to strengthen security in National Assembly

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,876 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,916 views) Shameless Genevieve Nnaji exposes breasts in public (267,968 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,360 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,198 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,270 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,968 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,334 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,202 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,139 views) Lagos plane crash: Journalist releases victims’ names (136,991 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,661 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,074) Business Verdict (40) Columnists (837) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (484) Features (569) Global Business Monitor (264) International (1,928) Interview (149) Live Commentary (28) Love Matters (116) News (34,741) Opinion (917) Pidgin (10) Politics (4,813) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement