CBN injects $210m into forex market
The Central Bank of Nigeria (CBN) has injected the sum of 210 million dollars into Nigerian Inter-Bank Foreign Exchange market following conclusion of Tuesday’s transactions.
CBN Tower (Leadership)
Okorafor explained that the figure released by CBN on Tuesday indicated that the bank offered 100 million dollars to authorised dealers in the wholesale sector of the market.
He said the Small and Medium Enterprise (SMEs) and the invisible segments were allocated the sum of 55 million dollars each.
He further stated that the management of apex bank remained particularly pleased with the prevailing stability in the Nigerian foreign exchange market.
ADVERTISEMENT
The director reaffirmed the bank’s commitment to continue to boost inter bank foreign exchange market, to ensure stability and availability to meet customers demand.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
NMDPRA unveils 6 new regulations for oil, gas industry
PDP, APC trade blames on governorship, assembly elections in Sokoto
Senate confirms Ojukwu’s re-appointment as NHRC Executive Secretary
Former NURTW boss Olohunwa hails Sanwo-Olu’s re-election
Tinubu travels out for lesser Hajj in Saudi Arabia, vacation in France
FEC approves $984.7m for maintenance of NRC equipment
Police confirm detention of LP supporter Chude over alleged cybercrime
BREAKING: LP clinches 1st state in 2023 as Otti becomes Abia governor
My victory, call to do more – Makinde
Pulse Sports
Victor Osimhen: Where should the Super Eagles striker go this summer?
Peseiro chasing Rohr’s feat as the Super Eagles resume campaign
Nigerian sensation Gift Orban wanted by AC Milan and Napoli
"Present crop of quartermilers are not challenging me enough to retire" - Patience George
Serie A: Udinese renew 'cornerstone' Isaac Success contract
Nigeria to play New Zealand and Haiti in April
ADVERTISEMENT