CBN injects $337m, CNY53m into Inter-Bank Forex Market
The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market.
Nigeria’s central bank makes first auction of Chinese yuan after swap deal
The CBN also intervened to the tune of 53.44 million Chinese Yuan in the Spot and Short tenored forwards of the inter-bank foreign exchange market.
The CBN Spokesman, Mr Isaac Okorafor, in a statement in Abuja said that the move was in furtherance of the Bank’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange market.
It will be recalled that the Bank had on Tuesday injected 210 million dollars in the Inter-Bank foreign exchange market.
ADVERTISEMENT
Meanwhile, the Naira maintained its steady rate against major currencies around the globe, exchanging for N362 to a dollar in the Bureau De Change segment of the market on Friday.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
KADIRS shuts down UBA branches in Kaduna over unpaid ₦14.3m tax
Since death is inevitable, embrace it with great expectations - Cleric advises
FULL LIST: 7 best African cities to live in 2024
Detained Binance executive's bail hearing adjourned to May 17 by Abuja court
Nollywood actor Pawpaw joins Army to promote responsible social media use
Nigeria lost $706m to cybercrimes as EFCC closes 300 bank accounts
UNN suspends lecturer over alleged sexual harassment of student
Tourist falls into a volcano while posing for photos with husband
Remi Tinubu once saved me from media blackmail — Gov Adeleke
ADVERTISEMENT