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: 922

•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...
Q3 2015: UBA records 44 per cent growth...

Group attacks Okorocha over N850m Christmas Tree •Warns...

Editor-in-Chief/CEO of Greenbarge Reporters loses brother

How oppression, bullying culture fuel Edo gang wars...

Ikpeazu dedicates 51st birthday to children, unveils plan...

2,000 Aba residents benefit from lawmaker’s medical outreach...

NiMET predicts Thunderstorms, sunny and hazy weather for...

Alleged Corruption: HEDA seeks investigation of Addax Petroleum,...

CBN moves to provide dollars to airlines, fuel...

Herdsmen kill 81 in fresh wave of attacks,...

Boko Haram abducts 50 women in Adamawa

AU mission apologises for accidentally killing 4 Somali...

 

Latest News Nigeria opts out of AfCFTA despite huge benefits to region – IMF U.S. to deliver 12 war jets to Nigeria in 2020 Chinedu Moghalu appointed Head, Communications & Advocacy for UN World Food Programme US-Nigeria Investment Summit not part of our schedule, says Emefiele, Adeosun EKITI 2018: 33 APC governorship aspirants obtain forms` Nigeria to sustain positive growth outlook — Adeosun, Emefiele Chibok Schoolgirl’s Parent Dies In Road Accident Niger Govt. spends N787m on Colleges of Nursing Sciences •School of Nursing Bida gets full accreditation after 42 years Nude gunman kills three in US restaurant World's oldest man dies at 117 Bloodshed across Nigeria worrisome — Gowon Regular exercise improves sexual performance: Expert

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,366 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (334,307 views) Shameless Genevieve Nnaji exposes breasts in public (267,509 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (219,967 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (201,925 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (197,902 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (172,669 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,022 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (146,955 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (138,781 views) Lagos plane crash: Journalist releases victims’ names (136,715 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,433 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,067) Business Verdict (40) Columnists (836) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (483) Features (568) Global Business Monitor (262) International (1,921) Interview (149) Live Commentary (28) Love Matters (116) News (34,670) Opinion (915) Pidgin (10) Politics (4,801) Religion (722) Sports (1,484) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

NLNG Science and Literature Prize Awards

 

 

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