News Formal

CBN boosts foreign exchange market with $210m

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The Central Bank of Nigeria has injected $210m into the inter-bank Foreign Exchange Market to ensure adequate supply of foreign exchange to customers.

The CBN Director, Corporate Communications Department, Mr. Isaac Okorafor, in a statement on Tuesday noted that $100m was offered to authorised dealers in the wholesale segment of the market.

He said customers in the Small and Medium Enterprises segment received $55m and those requiring foreign exchange for tuition fees, medical payments and Basic Travel Allowance among others, received $55m. Okorafor reassured the public that the bank would continue to intervene in the interbank Foreign Exchange Market in line with its desire to sustain liquidity in the market and maintain stability.

The CBN on Friday injected 268.4 million dollars and CNY46.3 million into the Retail Secondary Market Intervention Sales segment. Meanwhile, the Naira continued its stability in the Foreign Exchange Market, exchanging at an average of N360 to a dollar in the Bureau de Change segment of the market.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Politicians need $ naira is too bulky

We all know this is for the elections

Sai Baba

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Forex: CBN Buoys Market With $210mThe Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February 19, 2019, indicated that it offered the total sum of $100million to the wholesale segment, […]
Källa: LeadershipNGA - 🏆 4. / 77 Läs mer »

CBN injects $210 million into foreign exchange market - Premium Times NigeriaThe bank says the interventions were in continuation of its resolve to sustain the high level of stability in the foreign exchange market.
Källa: PremiumTimesng - 🏆 3. / 78 Läs mer »

Forex market: CBN provides $268.4m, CNY46.3m for agric, raw materialsA dollar exchanged for N360 at the Bureau de Change (BDC) segment of the foreign exchange market. Election money.🤦🏾‍♂️ And to APC sector How many rural farmers will benefit from this?
Källa: PremiumTimesng - 🏆 3. / 78 Läs mer »