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: 579

•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...
Scrapping of courses: No student will be sacked,...

Environmentalists berate Shell for poor oil spill response...

Dangote revs up cement export

Dangote hits market with new 52.5N Grade of...

Osinbajo visits NSE, wants more companies listed

FG briefs London investors on economic plans and...

Obiano mourns Mandela, says his life an inspiration...

Strike: Why Nigerian should support NLC —Labour leaders...

Utuama appeals to delegates ahead of Delta 2015...

Youth empowerment key to nation’s development, says Okowa...

Speaking is governing: Mahmud Modibbo Tukur & the...

Senate confirms Prof. Danbatta as NCC Executive Vice...

 

Latest News Governorship aspirant boasts of bedding 50 women 3 dead as irate youths burn senator’s house FG embarks on mass housing scheme •Set to prosecute energy thieves 4 female suicide bombers strike in Borno Ex-Governor and 6,000 others dump PDP for APC Missing journalist found dead near Onitsha Ekiti 2018: Why South Zone should produce next Governor, By Emmanuel Onotevure Wise men still come from the East, By Femi Adesina Anambra poll: Obiano, Chidoka vote How to stop child labour, human trafficking — Osun NIS Comptroller Dee Bob: A Legend, Pan-Africanist steps aside, By Ikenna Samuelson Iwuoha Police destroy illegal refineries with more than 30 pits in Edo

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (294,202 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (278,026 views) Shameless Genevieve Nnaji exposes breasts in public (224,522 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (188,959 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,234 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (165,778 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (143,904 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,371 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (126,745 views) Lagos plane crash: Journalist releases victims’ names (116,398 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,622 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (107,220 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,771) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (186) Entertainment (404) Features (510) Global Business Monitor (190) International (1,640) Interviews (138) Live Commentary (28) Love Matters (82) News (30,330) Opinion (837) Pidgin (9) Politics (4,100) Religion (648) Sports (1,356) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

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

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!