• Contact Us
  • About Us
Monday, July 28, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

CBN injects $210m into foreign exchange market

metro by metro
December 27, 2018
in Economy
0
CBN
0
SHARES
0
VIEWS

The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.

Mr Isaac Okorafor, CBN Director, Corporate Communications, made this known on Thursday in Abuja.

Read Also

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

Against Expectations, CBN Holds Interest Rate At 27.5% For Seventh Straight Time 

Okorafor said that the apex bank offered 100 million dollars as wholesale interventions and allocated 55 million dollars to Small and Medium Enterprises.

He said that another 55 million dollars was allocated to customers requiring foreign exchange for business and personal travels, tuition or medical fees.

The director explained that the Thursday’s interventions was in continuation of the bank’s resolve to sustain the high level of stability in the foreign exchange market.

According to him, it is also to continue to ease access to the currency by customers in different sectors.

He lauded the actors in various sectors of the market for the level of stability, in spite of the activities of speculators.

Okorafor said that CBN was ready to play its interventionist role in the market.

The News Agency of Nigeria (NAN) reports that CBN, in its last interventions earlier in December, injected 299.82 million dollars and 143.60 million Chinese Yuan into the Retail Secondary Market Intervention Sales.

Meanwhile, one United States Dollar exchanged for N360 in the Bureau De Change (BDC) segment of the market on Thursday in Abuja.

Tags: CBNforeign exchange market
Previous Post

Oyetola presents N152bn budget, promises full payment of salaries

Next Post

Nigerians project rise in inflation, borrowing rates in next 12 months — CBN report

Related Posts

Uneasy Calm In Banking Industry Over FG Special Investigator’s Report
Economy

CBN Survey Shows High Interest Rates Beat Insecurity, Power Among Hindrances To Business Expansion, Profitability 

July 24, 2025
FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates
Economy

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates

July 24, 2025
CBN
Economy

Against Expectations, CBN Holds Interest Rate At 27.5% For Seventh Straight Time 

July 22, 2025
FG To Start Paying Debt Service As Nigerian Economy Grows By 2.99% In Q1 2024-Edun
Economy

Nigeria Lags Behind, Remains Fourth Largest Economy Despite Rebasing

July 22, 2025
Next Post
CBN

Nigerians project rise in inflation, borrowing rates in next 12 months — CBN report

refinery

Oil Rises As US-EU Deal Lifts Trade Optimism

July 28, 2025
China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

China Releases AI Action Plan Days After U.S. As Global Tech Race Heats Up

July 26, 2025
Sad As Cameroon’s Biya, 92, Announces Bid For Eighth Presidential Term 

Cameroon Election Board Bars Kamto, Key Contender to Paul Biya

July 26, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version