GTB 737 banner Yudala banner

Naira remains strong as CBN pumps in $195m

By •CBN Governor Godwin Emefiele on 14/11/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 229

•CBN Governor Godwin Emefiele
•CBN Governor Godwin Emefiele

The Central Bank of Nigeria has continued its sustenance of foreign exchange liquidity by injecting another $195 million into the inter-bank Foreign Exchange Market, even as the Naira maintains its strength.

The $195 million intervention was made on Monday.

Figures released by the bank show that it offered $100 million to the Wholesale segment, while the Small and Medium Enterprises segment received $50 million. The invisibles segment comprising tuition, medical payments and Basic Travel Allowance (BTA) received $45 million.

The Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor said on Monday that the intervention is in line with the CBN’s continual determination to ensure foreign exchange liquidity and satisfy legitimate demand.

Okorafor assured that the bank would continue to intervene in the nation’s foreign exchange market in order to sustain the liquidity in the market and guarantee the international value of the Naira.

Meanwhile, the Naira exchanged at an average of N363/$1 in the BDC segment of the market on Monday, maintaining its stability in the foreign exchange market.

Source News Express

Posted 14/11/2017 04:55:10 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...
Arewa youths to reconsider Igbo quit notice

Gunmen in police caps overrun Enugu

Behold! The Most Beautiful Girl in Nigeria 2017...

CBN calls for diversification of foreign exchange sources...

WE HAVE GONE INTERNATIONAL —Boko Haram •Threatens U.S....

EXCLUSIVE: 2017 Budget still being amended despite being...

Imo guber: Okorocha rules out zoning

Chop and Quench: HOW HOUSE OF REPS MEMBER...

Presidency photos confirm Buhari’s sickness

Blue economy; world’s fastest growing sector — NIMASA...

Air Force blasts Boko Haram’s armoury inside Sambisa...

Nollywood legend Pete Edochie threatens to curse those...

 

Latest News What is the worth of a Nigerian migrant’s life? Most ‘wealth’ isn’t the result of hard work Dangote, Glo, Airtel, 7 others battle for 9mobile US budgets $490m to fight HIV/AIDS in Nigeria South-East Governors’ Forum mourns Ekwueme Nigerian economy grows 1.4 pct in Q3 Jealous wife stabs son of ex-PDP Chairman to death over text messages Children worry about poor education, violence, and terrorism; call on leaders to listen on World Children’s Day Journalist escapes death by whiskers as assailants invade residence MRA inducts TETFund into FOI Hall of Shame Ohanaeze congratulates Obiano, mourns Ekwueme CSOs commend military, say OPSH has brought peace in Plateau, Bauchi, Southern Kaduna

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (294,721 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (278,536 views) Shameless Genevieve Nnaji exposes breasts in public (225,129 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (189,405 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (181,363 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (166,113 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (144,108 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (130,538 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (127,155 views) Lagos plane crash: Journalist releases victims’ names (116,533 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (113,762 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (107,768 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (30) Business (2,773) Business Verdict (26) Columnists (769) Complaints & Requests (93) Enterprise & Opportunities (187) Entertainment (404) Features (510) Global Business Monitor (190) International (1,646) Interviews (138) Live Commentary (28) Love Matters (83) News (30,375) Opinion (838) Pidgin (9) Politics (4,113) Religion (648) Sports (1,357) Stock Watch (24) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN Words on marble

 

 

Argentina vs Nigeria

 

APO Group Partner

 

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

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!