NewsExpress banner Firstbank Verve banner Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

CBN boosts FOREX market with $318.73m

By News Express on 30/06/2018

Gmail icon

Views: 771

•Isaac Okorafor
•Isaac Okorafor

Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73m boost from the Central Bank of Nigeria (CBN) on Friday.

Information obtained from the CBN on Friday indicates that the deals in the retail window represent requests from the various sectors in the Secondary Market Intervention Sales (SMIS), thereby providing a boost to the respective sectors.

The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, while confirming the forex sales, explained that $318.73m sold was for companies in the raw materials, agricultural, airline and petroleum industries.

It will be recalled that last Tuesday, June 26, 2018, the CBN had intervened to the tune of $210 million to cater for requests in the wholesale segment of the forex market.

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

Meanwhile, the naira, on Friday exchanged at an average of N360/$1 in the Bureau de Change segment (BDCs) across major trading points in Lagos, Abuja, Port-Harcourt and Kano.

 

Source News Express

Posted 30/06/2018 04:59:47 AM

 

 

CLASSIFIED ADS

 

You may also like...
I’m ‘glad Nelson Mandela is dead’ —Bishop Desmond...

Arik Air notifies passengers of flight disruptions

Osanebi bags students award

Ogun hospital bags HIV/AIDS Consistent Quality Health Care...

Court declares ‘State of Osun’ illegal, scolds Aregbesola...

Alibaba chairman Jack Ma set to unveil succession...

Rivers PDP Chairman alleges plot to disrupt school...

Navy Captain defrauds Diamond Bank of N45m

PRONACO, Project Nigeria condemn murder of Fasoranti’s daughter,...

Dangote, Blackstone to invest N825 billion on power,...

Dangote donates N1.2bn structure for Business School in...

Cross River violence claims two lives, 50 houses...

 

Latest News Customs begins recruitment of officers, men Eight family members perish in gas explosion Constituency projects: How Senators, Reps steal billions — ICPC Boko Haram kills 19 herds Enugu set to pay N30,000 minimum wage Abuja-Kano road collapses amid project delay No RUGA in Ebonyi, South East, Umahi insists Why Abuja, Lagos are sinking in Quality of Living City Ranking Ohanaeze warns mischief makers, insists Nwodo’s tenure ends 2021 Budget 2020 faces fresh hurdle over N50 billion extra projects Nigeria has only 42,000 doctors, says NMA President Invasion of THE SUN premises a reminder of the military era — Uwazurike

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (573,465 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (457,294 views) Shameless Genevieve Nnaji exposes breasts in public (407,357 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (341,974 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (308,535 views) 10 cars more expensive than Jets (293,482 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (261,695 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (261,002 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (242,428 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (228,821 views) Lagos plane crash: Journalist releases victims’ names (204,498 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (200,819 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (112) Business & Economy (4,625) Business Verdict (89) Columnists (1,158) Complaints & Requests (98) Enterprise & Opportunities (221) Entertainment (719) Features (858) Global Business Monitor (499) ICT Monitor (73) International (4,330) Interview (220) Live Commentary (30) Love Matters (179) Maggie's Blog (520) News (55,339) Opinion (1,444) Pidgin (18) Politics (11,899) Religion (1,133) Sports (2,258) Stock Watch (41) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera