Connect with us
Advertise With Us

BUSINESS

CBN Injects $210m Into Forex Market

Published

on


The Central Bank of Nigeria (CBN), on Tuesday injected 210 million dollars into the inter-bank foreign exchange market to meet customers’ requests in various segments of the market.
CBN’s acting director, Corporate Communications, Mr Isaac Okoroafor, said that the CBN offered $100 million to authorised dealers in the wholesale segment of the market.
Okoroafor said also that the Small and Medium Enterprises (SMEs) segment got $55 million, while another $55 million was allocated for tuition fees, medical payments and basic travel allowance (BTA).
He said that the apex bank would continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.
According to him, the CBN would not renege on its promise to manage the foreign exchange market with a view to reducing the country’s import bills and halt the depletion of its foreign reserves.



Copyright LEADERSHIP.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from LEADERSHIP Nigeria Newspapers. Contact: [email protected]





Which party would you vote for President in the 2019 general election?

View Results

Loading ... Loading ...


Advertisement

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments
Advertisement

Sign up for our newsletter

Advertisement

MOST POPULAR

Pin It on Pinterest

Share This

Share this post with your friends!