Fidelity bank card banner Camano banner

Forex: CBN intervenes with $210m

By News Express on 08/08/2018

Views: 666

•CBN Governor Godwin Emefiele
•CBN Governor Godwin Emefiele

In another round of intervention, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into the Inter-bank Foreign Exchange Market to ensure the availability of forex and also meet customers’ requests in various segments of the market.

At the trading on Tuesday, CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. Customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.

The Bank’s Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, confirmed the figures and reassured the public that the Bank would continue to intervene in the interbank 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 forex had paid off, as reflected by reduction in the country’s import bills and accretion to its foreign reserves.

Meanwhile, the naira exchange rate remained stable in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Tuesday.

Source News Express

Posted 08/08/2018 04:41:17 AM

 

 

CLASSIFIED ADS

 

You may also like...
NLNG reveals secret of successful CSR

Saraki, Dogara meet Buhari on Plateau massacre, call...

Corruption: National Assembly has right to probe Osun...

Another female Speaker emerges in Anambra as Obiano...

APGA yet to decide on election results in...

44 Shiite members remanded in Jos prison

Ahmed says ‘Enhanced IGR will solve salary crisis...

Ekiti Speaker expresses worry about poor attitude to...

Unusual calm at Ekwueme’s country home •Umahi, Obiano,...

Zoning of political offices barbaric, says Okorocha

Notorious Boko Haram kingpin meets waterloo

NNPC rakes in $239m in one month

 

Latest News APC challenges Wadume over alleged N13m campaign fund for 2019 elections Attack on Ekweremadu: German detectives zero in on 5 suspects Soyinka warns against clampdown on protesters Gunmen kidnap 7 in Kaduna, including official of anti-graft agency Herdsmen: Enugu Govt. orders autopsy on murdered woman as Ohanaeze reacts Security operatives, vigilantes raid suspected cult leader’s home, recover arms, human skulls Attack on Ekweremadu, a warning to Ndigbo leadership — Charly Boy Why Germany should not extradite Ekweremadu’s attackers: HURIWA FG to build 4 million houses by 2023 — Minister Ogun to demolish houses harbouring kidnappers APC screens Lokpobiri, 5 others for Bayelsa guber primaries Right leadership key to development — Obi

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (530,821 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (439,246 views) Shameless Genevieve Nnaji exposes breasts in public (384,310 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (323,364 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (290,940 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,583 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (246,495 views) 10 cars more expensive than Jets (233,982 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (228,472 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (214,692 views) Lagos plane crash: Journalist releases victims’ names (193,446 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (191,329 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (99) Business & Economy (4,407) Business Verdict (79) Columnists (1,097) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (649) Features (798) Global Business Monitor (424) ICT Monitor (59) International (3,861) Interview (199) Live Commentary (30) Love Matters (166) Maggie's Blog (387) News (50,379) Opinion (1,336) Pidgin (17) Politics (11,339) Religion (1,089) Sports (2,138) 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