GTB 737 banner Yudala banner

CBN floods forex market with $457.3m

By News Express on 16/05/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 402

•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


 

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!

 

You may also like...
Police to build 6,000 houses nationwide

Transport and Logistics Institute tasks FG on policies...

Chibok girls set to return to school

NAMA records success in test-run of Kano Area...

Security Chiefs, Northern Governors brainstorm over insecurity in...

Police confirms 8 killed in 3 suicide attacks...

Why I lost US presidential election: Hillary Clinton...

Americans killed in Ghana

Fuel Scarcity: NSCDC clamps down on illegal fuel...

Nigerians refuse to leave South Sudan despite deadly...

Senate to support Buhari’s fight against corruption, insurgency...

Reps probe CBN, Finance Ministry over N50bn unpaid...

 

Latest News Nigeria, London and globalisation, By Emmanuel Onwubiko Northern Governors are lazy: Sultan of Sokoto Man goes on trial in America, slammed with 21-count charge over $4bn Bitcoin fraud NUPENG threatens strike over dispute with AMCON Osinbajo disappoints Rivers APC, commissions Wike’s projects Bill Gates regains title as world’s richest person 8 hours after losing it Aisha Buhari identifies obstacle to Vision 2030, SDGs Google to train 10 million Africans in online skills Court rules July 31 in case of lynched Aluu 4 UNIPORT students Senate halts planned concession of Port Harcourt Refinery Delta Govt. moves to tackle flood menace Echoes of Ezu River Police Massacre: How to end torture and extra-judicial killings in Nigeria (Part 3)

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (267,218 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (248,059 views) Shameless Genevieve Nnaji exposes breasts in public (202,004 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (172,778 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (169,803 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (151,524 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (131,112 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (123,719 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (115,549 views) Lagos plane crash: Journalist releases victims’ names (107,578 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (107,239 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (99,851 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,640) Business Verdict (18) Columnists (717) Complaints & Requests (92) Enterprise & Opportunities (167) Entertainment (345) Features (473) Global Business Monitor (167) International (1,467) Interviews (126) Live Commentary (28) Love Matters (64) News (26,877) Opinion (761) Pidgin (8) Politics (3,824) Religion (582) Sports (1,288) Stock Watch (20) AMA & Al Jazeera Global Update

 

CBN words on marble advert

 

 

Senator Adeleke on the dancing steps in London

 

APO Newsbreak logo

 

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!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

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!