NewsExpress advert Yudala banner
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: 333

•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

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!

 

You may also like...
N30 trillion revenue scam: Senate to hand over...

Why we’re yet to screen Buhari’s nominees for...

Anambra Speaker absconds with mace to avert impeachment...

Resident Doctors vow to resist pay cut •Give...

BREAKING NEWS: Shooting reported outside White House

Poor cyclists robbed of N25m as a result...

FIFA ban looms over Nigeria

33 hoodlums, cattle rustlers lynched

NDLEA, drug addicts clash in Kwara, 60 arrested...

Police to promote junior officers with degrees to...

Kaduna must be saved from deterioration, says El-Rufai...

Supreme Court fixes date to hear motions on...

 

Latest News Lagos Pastor who survived Badoo attack slumps and dies during church service Boko Haram suspect nabbed in Edo Resign if you can’t pay workers, TUC tells governors Enugu EXCO awards N1.04bn road contracts Troops kill 5 Boko Haram fighters, capture commander Lagos police gives 2 wks to pump action riffles owners to verify, re-validate licence India offers free breast implant, surgeries Nigeria building Africa’s biggest Free To Air TV platform, says Minister Air Peace breaks record with delivery of new B777 aircraft Shortage of workers threatens Trump’s economic agenda CDHR condemns abduction of Dapchi school girls, calls for intensive rescue efforts Emefiele dedicates Silverbird Award to CBN staff •He is a humble, silent achiever — Akpabio

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (326,854 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (318,829 views) Shameless Genevieve Nnaji exposes breasts in public (255,484 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (209,550 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (195,114 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (188,215 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (163,928 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (147,205 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (140,692 views) Lagos plane crash: Journalist releases victims’ names (129,981 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (128,619 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (123,494 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business (2,908) Business Verdict (34) Columnists (806) Complaints & Requests (94) Enterprise & Opportunities (203) Entertainment (447) Features (549) Global Business Monitor (226) International (1,806) Interviews (143) Live Commentary (28) Love Matters (105) News (33,102) Opinion (885) Pidgin (10) Politics (4,522) Religion (684) Sports (1,440) Stock Watch (28) AMA & Al Jazeera Global Update

 

 

Football president George Weah puts Liberian army to the test

 

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