The Central Bank of Nigeria (CBN) has injected the sum of $210 million into the inter-bank Foreign Exchange Market.
Figures obtained from the CBN on Tuesday, June 25, 2019, indicate that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. Similarly, customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.
Confirming the figures, the Bank’s Director in charge of Corporate Communications Department, Mr. Isaac Okorafor reiterated the Bank’s commitment to continue support interbank foreign exchange market to ensure economic growth.
It will be recalled that at the last intervention on Friday, June 14, 2019, the Bank injected the sum of $256.4million and CNY37.4million into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira on Tuesday, June 25, 2019, exchanged at an average of N362/$1 in the BDC segment of the market.
Rabiu Omaku The Accountant General of Nasarawa State, Hon. Dr. Musa Ahmed Muhammed, was in …
Rabiu Omaku The Chairman, Nasarawa State All Farmers Association of Nigeria, AFAN, Isaac Kigbu, has…
Rabiu Omaku, The Vice President, Senator Kashim Shettima, has opened Pandora's box by saying that…
Hanny Henry Adamawa State Governor, Ahmadu Umaru Fintiri, has congratulated Vice President Kashim Shettima on…
Hanny Henry Alimat Care Foundation (ACF), an NGO with support from AmplifyChange, has concluded a…
Boko Haram factions have embedded artificial intelligence into their operations much faster, more extensively, and…
This website uses cookies.