The Central Bank of Nigeria yesterday injected the sum of $210 million into the interbank foreign exchange market, in continuation of its sustenance of liquidity in that segment of the market.
Figures obtained from the CBN on indicated that authorised dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises segment received the sum of $55 million. Similarly, customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance , among others, were also allocated the sum of $55 million.
A statement by the Bank’s spokesman, Mr. Isaac Okorafor, reiterated the CBN’s commitment to continue to boost interbank foreign exchange market to ensure liquidity and stability in the market. The CBN had last Friday, injected the sum of $247.8million and CNY34.8million into the Retail Secondary Market Intervention Sales segment.Previous article
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN Boosts FOREX Market with $210 million - Premium Times NigeriaLast Friday, the Bank injected about $247.8 million PhilipObin
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nollywood gets Emerging Market Award in Las Vegas - The Nation NigeriaOfficial Convention of The National Association of Theatre Owners (NATO), otherwise called CinemaCon, has honoured the Nigerian movie industry with the Emerging Market Award. Sponsored by ComScore, an American media measurement and analytics company, the recognition came to Nollywood, as movie theatre owners gathered at the Ceasars Palace, Las Vegas, U.S.A. from April 1 to …
Source: TheNationNews - 🏆 6. / 69 Read more »
Stock exchange market indices down by 0.01 per cent - Premium Times NigeriaThe crucial market indicators of the Nigerian Stock Exchange (NSE) on Tuesday maintained negative slide, dropping by 0.01 per cent.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
OPEC Praises Nigeria, 8 African Countries for Helping to Stabilise Oil Market - THISDAYLIVEBy Chineme Okafor in Abuja The Organisation of Petroleum Exporting Countries (OPEC) has said that more than one-third of the 24 countries currently working together under a negotiated framework to cut down oil outputs and inventories, to stabilise prices in the global market were from Africa. It explained that these countries included Algeria; Angola; the …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Ecobank boost financial inclusion with Ecobank Pay at Ariaria market - Vanguard NewsMANAGING Director, Ecobank Nigeria, Patrick Akinwuntan, has assured businesses in Ariaria Market, Aba, of better ease in receiving their payments.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Massilia aims to boost market share with 2019 pickup truck – Daily TrustThe sole distributor of Mitsubishi vehicles in Nigeria and a joint venture between CFAO and CHANRAI Group, Massilia Motors, has unveiled the all new Mitsubishi L200 Pickup. The new generation L200, unveiled at Landmark beach, Lagos, is a significant improvement on the previous model designed to continuously satisfy the brand’s teeming customers in Nigeria.ADVERTISEMENT Top …
Source: Daily Trust - 🏆 13. / 51 Read more »
Kaduna govt woos investors, assures of instability, market – Daily TrustKaduna State Government says it is well prepared for widest and sincere partnership with new investors in its quest to transform the state. Dr. Hadiza Balarabe, the state Deputy Governor-elect, made the commitment on Thursday in Kaduna in a presentation at the ongoing Kaduna State Investment Summit, Kadinvest 4.0.ADVERTISEMENT She assured that the government would … “Instability”? *assures of instability? It sounds awkward! Check ur Tweet’s heading...HOW COULD SOMEONE ASSURES HIS WOULD-BE INVESTORS “INSTABILITY”?
Source: Daily Trust - 🏆 13. / 51 Read more »
NSE market capitalisation increases by N24 billion - Premium Times NigeriaMarket indicators reversed negative trend on Friday with a marginal growth of 0.21 per cent.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Ecobank takes EcobankPay zone to South East market - Vanguard News NigeriaEcobank Nigeria has taken its digital product, EcobankPay Zone to the South East market with a launch at the popular Ariaria Market, Aba.
Source: vanguardngrnews - 🏆 5. / 75 Read more »