Fidelity bank card banner Camano banner

CBN injects $318.03m, CNY 62.18m into Forex market

By News Express on 17/11/2018

Views: 651

CBN injects $318.03m, CNY 62.18m into Forex market
CBN injects $318.03m, CNY 62.18m into Forex market

In its last sale before the final Monetary Policy Committee (MPC) meeting for 2018, the Central Bank of Nigeria (CBN) on Friday injected the sum of $318.03 million in the retail Secondary Market Intervention Sales (SMIS) of the inter-bank foreign market

The CBN also on Friday offered CNY62.18 million in the spot and short-tenored forwards segment.

The Bank’s Director, Corporate Communications, Isaac Okorafor, while confirming the sales, reiterated that the retail SMIS were for requests in machineries, agricultural and raw materials sub-sectors, while the Chinese Yuan was for Renminbi denominated Letters of Credit.

Again, he assured that the CBN would continue to intervene in the foreign exchange market in order to guarantee exchange rate stability.

It will be recalled that the CBN had on Tuesday, November 13, 2018, intervened in the inter-bank foreign exchange market to the tune of $210 million.

Meanwhile, $1 exchanged for N361 at the Bureau de Change (BDC) segment of the foreign exchange market, while CNY1 exchanged for N54.

•CBN Spokesperson, Isaac Okorafor

 

Source News Express

Posted 17/11/2018 05:23:18 AM

 

 

CLASSIFIED ADS

 

You may also like...
South-East traders condemn Army’s killings in Abia, appeal...

Online publisher announces mother’s burial programme

Pope damns Mbaise Catholics, installs Okpaleke as new...

Clean up oil spill in Akwa Ibom, DPR...

Oil prices rise as U.S. lowers drilling

Multiple accident cripples traffic on Lagos-Ibadan Expressway

Varsity don dismissed over sexual harassment

Evil houseboy kills boss, 89-year-old mother in Lagos...

Bauchi to construct 5,000-capacity multipurpose hall at NYSC...

Militants gun down 3 soldiers in the Niger...

Court rules on suit seeking to stop ministerial...

Bayelsa to boost entertainment sector

 

Latest News Boko Haram war consumes 40,000, displaces 3 million persons Stakeholders fault FG’s planned closure of Enugu Airport 35-year-old dismissed Police Inspector paraded for impersonating DSP in Anambra •CP denies N15m bail fee on Baby Awka Aboru (Lagos) residents decry exploitative bills by Ikeja Electric Ekweremadu’s sartorial indiscretion and IPOB wrestlers, By Meduoye Adeyinka UNICEF to pregnant women: Register early for antenatal care to curtail maternal mortality 2019 Bayelsa Guber: I am the candidate to beat, boasts Geoge-Ikoli •Says APC can never win Bayelsa State CBN vows to defend reserves in wake of UK $9bn court ruling UN bans sending baby elephants from wild to zoos and circuses Rita Dominic falls in love with BBNaija housemate Popular tele-evangelist hits Terry G, Timaya, Davido, Wizkid, Burna Boy, others What “Runs” does Bobrisky do in Abuja?

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (528,273 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (438,293 views) Shameless Genevieve Nnaji exposes breasts in public (383,136 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (321,969 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (289,980 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (251,067 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (245,697 views) 10 cars more expensive than Jets (232,495 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (227,724 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (213,967 views) Lagos plane crash: Journalist releases victims’ names (192,897 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (190,832 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (98) Business & Economy (4,396) Business Verdict (79) Columnists (1,094) Complaints & Requests (95) Enterprise & Opportunities (215) Entertainment (647) Features (795) Global Business Monitor (419) ICT Monitor (58) International (3,848) Interview (198) Live Commentary (30) Love Matters (166) Maggie's Blog (383) News (50,175) Opinion (1,326) Pidgin (17) Politics (11,318) Religion (1,085) Sports (2,133) 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