Fidelity bank banner Bayelsa State banner
Forex: CBN consolidates market stability with $195m

By News Express on 24/10/2017

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

Views: 572

•CBN’s Acting Spokesman Isaac Okorafor
•CBN’s Acting Spokesman Isaac Okorafor

The Central Bank of Nigeria (CBN) on Monday injected $195 million into the inter-bank Foreign Exchange Market.

Figures obtained from the Bank indicate that the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received $50 million. Those requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were allocated $45 million.

The apex Bank’s Acting Director in charge of Corporate Communications, Mr. Isaac Okorafor confirmed the figures, saying the bank was confident that the level of transparency it had entrenched in the market would help the Naira to sustain its steady run against the US dollars and other major currencies around the world.

According to him, “the market will remain very stable as long as every player sticks to the foreign exchange guidelines.”

The CBN last week intervened in the various segments of the foreign exchange market with $195 million.

Meanwhile, the Naira continued to maintain its stability in the foreign exchange market, exchanging at an average of N360/$1 in the Bureau De Change segment of the market on Monday.

 

Source News Express

Posted 24/10/2017 05:16:02 AM

 

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


 

CLASSIFIED ADS

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

 

You may also like...
Facility tour sets the stage for 2015 PZ...

Senators shower accolades on new Senate Leader Ahmed...

Ikpeazu dissolves cabinet

Our lives in danger, Newswatch Founding Directors cry...

Only Igbo can survive if Nigeria is divided...

Obiano urges Christians to show love at Easter...

Golden Eaglets star Success Isaac joins Italian giants...

Bayelsa loses N24 billion annually to payroll fraudsters...

Anambra PDP group writes NJC, accuses Judge of...

Boko Haram fighters die in large numbers as...

Court remands alleged kidnappers of Ikorodu schoolgirls in...

OKONJO-IWEALA versus SONALA OLUMHENSE

 

Latest News Tension at Nigerian Law School over alleged blasphemy •Angry Muslim students threaten to lynch suspect PDP summons emergency National Executive Council meeting Islamic clerics, monarchs worship in Kaduna church 2019 elections: Saraki as a big factor 323 FG agencies fail to submit 2016 financial report ―Auditor General of Federation Osun PDP Guber: Ogunbiyi moves to upturn Adeleke’s victory Lagos task force clears container trucks from blocked roads Buhari not worthy of addressing ICC- IPOB •Flays refusal to release El-Zakzaki, Dasuki despite court orders MOSOP berates Kachikwu over Petrol Service Station offer to Ogoni Achina community cries out to Obiano as flood cuts off 200 families Iran threatens US with ‘mother of all wars’ •You will suffer consequences, Trump fires back Man escapes from court, jumps into canal to evade arrest

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (364,157 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (359,537 views) Shameless Genevieve Nnaji exposes breasts in public (287,944 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (236,240 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (215,713 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (213,149 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (187,316 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (169,305 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (156,708 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (153,523 views) Lagos plane crash: Journalist releases victims’ names (148,285 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (139,323 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (52) Business & Economy (3,365) Business Verdict (48) Columnists (890) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (516) Features (617) Global Business Monitor (286) International (2,163) Interview (159) Live Commentary (28) Love Matters (127) News (37,379) Opinion (1,027) Pidgin (10) Politics (5,659) Religion (790) Sports (1,614) Stock Watch (33) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Nigerian detainees send SOS from Osama prison

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement