Fidelity bank banner UBA banner
CBN boosts forex market with $321.4m

By News Express on 24/02/2018

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

Views: 655

•CBN Governor Emefiele
•CBN Governor Emefiele

The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS) to the tune of $321.4 million.

Figures obtained from the Bank on Friday indicate that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.

The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, confirmed the figures and noted that the continued intervention were in line with the assurances made by the Governor, Godwin Emefiele, to sustain market liquidity in order to boost production and trade and maintain stability in the forex market.

Speaking further, Okorafor assured that the CBN remained very committed to ensuring that all the sectors continue to enjoy access to the foreign exchange required for the business concerns.  

It will be recalled that the CBN in its last SMIS, earlier in February 2018, injected the sum of $325.64 million in the inter-bank Foreign Exchange Market.

Meanwhile, the naira exchanged at N361/$1 in the BDC segment of the market yesterday.

 

Source News Express

Posted 24/02/2018 05:21:16 AM

 

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


 

CLASSIFIED ADS

 

You may also like...
Gunmen shoot 15 dead in Kaduna •10 killed...

Terrorists, criminal gangs looking around for nuclear ingredients...

Defection: PDP gives Saraki, Dogara, Tambuwal, Kwankwaso, others...

10-year-old female suicide bomber in security net •13...

Osinbajo calls for review of UN Conventions

Soyinka, others to speak at global PR summit...

Extraordinary synod of bishops reviews Catholic teaching on...

Fashola drops hint of likely increase in power...

Navy begins full counter-insurgency operations in Lake Chad...

Imo 2019: Okorocha intensifies onslaught against Madumere

Adesina to chair 2015 BJAN CSR conference

Trial of 73 Boko Haram suspects adjourned indefinitely...

 

Latest News BREAKING NEWS: Ex-Chief Justice Idris Kutigi dies in London hospital How military favoured the North, cheated the South ― Ex-APC Chairman Bisi Akande Boko Haram kills 8 near Maiduguri Angry APC members block Kaduna-Abuja highway, protest alleged automatic tickets Why Nigerian workers ‘should be clapping’ for us ― FG Hamman Tukur, father of FG’s monetisation policy, is dead LASG votes N25bn for empowerment programmes Canada running out of marijuana two days after it became legal Wike raises alarm over alleged intimidation of judiciary Police bans use of tinted glasses, cover plate number No plan to dump APC, says Senator Abe •Insists still very much in the Rivers guber race FG reintegrates 254 ex-Boko Haram members, 3 foreigners

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (408,054 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,130 views) Shameless Genevieve Nnaji exposes breasts in public (315,515 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (258,466 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,005 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,742 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,531 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,961 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,755 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,142 views) Lagos plane crash: Journalist releases victims’ names (161,805 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,548 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (69) Business & Economy (3,700) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (560) Features (660) Global Business Monitor (304) International (2,554) Interview (165) Live Commentary (28) Love Matters (145) News (39,784) Opinion (1,125) Pidgin (13) Politics (7,319) Religion (881) Sports (1,736) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement