CBN injects $210m in forex market
NNN: The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday.
The CBN Director of Corporate Communications Department, Mr. Isaac Okorafor, said this in a statement in Abuja..
He said the figures released by CBN indicated that authorized dealers in the wholesale segment of the market were again offered the sum of 100 million dollars.
He said that the Small and Medium Enterprises (SMEs) window received the sum of 55 million dollars, while 55 million dollars were allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.
The director said that the bank was committed to sustaining the level of stability in foreign exchange market.
The News Agency of Nigeria reports that the CBN, July 12, injected 298.7 million dollars and CNY39.6 million into the Retail Secondary Market Intervention Sales (SMIS) segment.
The the naira was N360 to the dollar at the Bureau De Change (BDC) segment on Tuesday,
Edited by Tajudeen Atitebi
- Win against Nigeria crucial to our title ambition, says South Africa’s coach
- Libya: new suspected mass graves found in Tarhuna, says UN human rights probe
- Paucity of funds delays development of education in Katsina State – Official
- Borno inaugurates committee on repatriation, management of repentant insurgents
- Police re-arrest jailbreaker in Ondo State
- Army restates resolve to checkmate proliferation of small arms, light weapons
- Nadal swats away Dutchman Van de Zandschulp to march into quarters
- Presidential Amnesty boss woos N/Delta Diaspora to invest at home
- Saudi Exports Hosts 80 Egyptian and Nigerian Importers
- 2023: Sani picks El-Rufai’s deputy, Balarabe, as running mate
- Hoodlums attack lawmakers, injured 6, damage cars in Bauchi
- Enugu fans express dismay over Super Falcon 2-1 loss to S/Africa
- Lagos govt partners Ebony Life Academy to train 119 youths in filmmaking
- 2023: Focus on candidates’ antecedents, not religion leaning, Group urges Nigerians
- Encomiums pour in for Olu Jacobs at 80
- Borno PDP crisis deepens, as faction suspends legal adviser, others
- DMO lists 2 FGN savings bonds for subscription at N1,000 per unit
- 2022 WAFCON: South Africa stun champions Nigeria in group opening game
- Fayemi swears in Agbede as new HoS
- Tan’s dream run ended by Anisimova at Wimbledon