Fidelity bank banner NewsExpress advert
CBN lifts forex market with $210m

By News Express on 06/02/2018

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

Views: 497

•CBN Acting Spokesman Isaac Okorafor
•CBN Acting Spokesman Isaac Okorafor

In its desire to ensure the availability of foreign exchange and also meet customers’ requests in various segments of the market, the Central Bank of Nigeria (CBN) has injected $210 million into the inter-bank Foreign Exchange Market. 

Figures obtained from the Bank on Monday indicated that it offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received $55 million. Customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance, among others, were also allocated $55 million.

CBN’s Acting Director of Corporate Communications, Mr. Isaac Okorafor confirmed the figures, adding that those who made bids in the wholesale window would receive value for the bids on Tuesday.

Okorafor reassured the public that the CBN would continue to intervene in the inter-bank foreign exchange market in line with its quest to sustain liquidity in the market and maintain stability. He added that the steps taken so far by the Bank in the management of foreign exchange had paid off, as reflected by reduction in the country’s import bills and accretion to its foreign reserves.

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

 

Source News Express

Posted 06/02/2018 02:16:44 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...
BATN hails Lagos Smoking Law

120 youths renounce cultism in Ikorodu

NNPC to unleash drones on oil thieves

Enugu rejects grazing reserves

Bishop laments increasing menace of herdsmen, tasks FG...

Go to Senate, do more for Delta South;...

Malfunctioning ATMs, long queues frustrate bank customers

Twitter suspends Niger Delta Avengers’ account

Ex-militant leader calls for peace ahead of Bayelsa...

Enugu Governor in coma: Report

No mercy for APC rebels who participated in...

Former Delta INEC official on trial over alleged...

 

Latest News Atiku appoints Gbenga Daniel 2019 Presidential Campaign DG 2019 polls will make or mar Nigeria — Primate Ayodele INEC lacks powers to disqualify aspirants with court cases: Commissioner, Lawyer Mace Theft: IGP redeploys NASS DPO to Adamawa 434 cholera cases recorded in Mubi, 13 victims confirmed dead Nigeria has one of world’s highest infant mortality rates — Saraki New Ebola death confirmed in Congo 33pct C/River children have visual problems – Optometrists Salah will make the Russia World Cup, says Egyptian Government Amosun harps on investment in children CBN mandates BDCs to access foreign exchange window thrice weekly SPDC contains leaks on Trans Ramos Pipeline •Prepares for final phase of JIV

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (346,201 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (343,179 views) Shameless Genevieve Nnaji exposes breasts in public (274,329 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (225,557 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (205,752 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (203,618 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (177,636 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (159,935 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,777 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (144,169 views) Lagos plane crash: Journalist releases victims’ names (140,529 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,915 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (43) Business & Economy (3,165) Business Verdict (43) Columnists (858) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (499) Features (598) Global Business Monitor (275) International (1,975) Interview (150) Live Commentary (28) Love Matters (121) News (35,650) Opinion (973) Pidgin (10) Politics (5,091) Religion (749) Sports (1,520) Stock Watch (29) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

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