NLNG Corporate Teamwork banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

CBN lifts Forex market with $293m

By News Express on 19/05/2018

Gmail icon

Views: 815

•CBN headquarters in Abuja
•CBN headquarters in Abuja

 

The Central Bank of Nigeria (CBN) on Friday lifted the Retail Secondary Market Intervention Sales (SMIS) of the Inter-bank Foreign Exchange Market with the sum of $293m.

A statement from the Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, confirming the figures, indicated that the sum, as in previous interventions, were in favour of interests in the agricultural, airlines, petroleum products, raw materials and machinery sectors.

Mr. Isaac Okorafor reiterated that the objective of the CBN intervention in the foreign exchange market remained to ensure liquidity in the foreign exchange market and enhance production activities.

He explained that the CBN would continue to ensure liquidity in the interbank sector of the market as well as sustain its interventions in order to drive economic growth and guarantee market stability.

Meanwhile, the naira remained stable and exchanged for N361/$1 in the BDC segment of the market on Friday.

Source News Express

Posted 19/05/2018 12:35:33 AM

 

 

CLASSIFIED ADS

 

You may also like...
FRSC convicts 66 motorists

2m voters registered for Anambra governorship election

Fidelity Bank dismisses false claims stemming from video...

Court orders Oba’s arrest, trial over Yahoo Yahoo...

APC Convention and Anunobi's unifying agenda

2019 Elections: Group demands PDP Chairman's resignation following...

Right policies, incentives in place to attract investors,...

MOSOP at war with Pastor who described Ogoni...

Army disowns purported intelligence report on planned Boko...

Niger State set to deliver a million tonnes...

Buhari breaks silence on Saraki’s Supreme Court victory...

Dickson tackles Sylva over criminality •Tells ex-governor to...

 

Latest News FG to partner innovative companies on the national cooperative housing scheme Kwara explains temporary cut in water supply Onitsha Fire: Time for govt to rev up its rapid response strategy — CLO Court fixes Nov. 4 for hearing of Lokpobiri’s suit challenging Bayelsa APC guber primary No fresh appointment has been made by Abia Poly Management — Rector Oshiomhole's man threatens suicide Border closure: Smugglers devise fresh tactics 20 wounded, many feared dead in wedding blast CAN blasts MURIC for allegedly associating Christ with kidnapping Fed Poly expels 66 students for alleged exam malpractice Troops capture cache of arms/equipment of terrorists, arrest logistics supplier Border closure: Used vehicles flood Apapa port

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (551,532 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (447,597 views) Shameless Genevieve Nnaji exposes breasts in public (395,199 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (330,910 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,161 views) 10 cars more expensive than Jets (265,044 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,189 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,524 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,021 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,193 views) Lagos plane crash: Journalist releases victims’ names (198,681 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (195,882 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,498) Business Verdict (85) Columnists (1,130) Complaints & Requests (96) Enterprise & Opportunities (218) Entertainment (691) Features (833) Global Business Monitor (467) ICT Monitor (66) International (4,088) Interview (204) Live Commentary (30) Love Matters (174) Maggie's Blog (452) News (52,794) Opinion (1,398) Pidgin (17) Politics (11,583) Religion (1,111) Sports (2,196) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera