Fidelity bank card banner Camano banner
CBN intervenes in Forex market with $268.60m, CNY39.09m

By News Express on 23/03/2019

Views: 265

•CBN Spokesperson, Isaac Okorafor
•CBN Spokesperson, Isaac Okorafor

The Central Bank of Nigeria (CBN) on Friday made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange Market totaling $268.60 million and CNY39.09 million.

Figures of the sales consummated on Friday, revealed that the sums were injected to meet requests of customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors.

The Bank’s Director, Corporate Communications Department, Isaac Okorafor, also confirmed that the sum of CNY39.09 million was for payment of Renminbi-denominated Letters of Credit for agriculture as well as raw materials.

Friday’s transaction was in addition to the $210 million injected into the Wholesale, Small and Medium Enterprises, and Invisibles segments of the market on Tuesday, March 19, 2019.

Mr. Okorafor expressed satisfaction on the performance and stability of the economy especially after the country’s 2019 elections.

He attributed the level of stability to the Bank’s transparency in foreign exchange transactions and interventions aimed at the diversification of the economy.

The Naira exchanged on Friday at N360/$1 on Friday, March 22, 2019 in the Bureau De Change (BDC) segment of the market.

Source News Express

Posted 23/03/2019 05:27:19 AM

 

 

CLASSIFIED ADS

 

You may also like...
5,000 Eckankar faithful converge in Uyo

Apple on track to hit $1 trillion market...

Shekarau formally defects to APC

Okowa to create 6,000 direct jobs in 6...

Anambra Police assures hitch-free Easter celebrations, warns criminals...

Revealed: Why China demolished mega church

Abuse of Office: Memo to VP Yemi Osinbajo,...

Doctor slaps nurse over patient care

Indian mob bashes Kenyan student, thinking she is...

Kwara PDP rejects power sharing with defectors

Whether Ruga or cattle settlements, no land for...

Killers of unarmed pro-Biafra activists won’t go free...

 

Latest News REVEALED: Identity of persecuted Nigerian Christian hosted in White House by US President Trump (PLUS PHOTO) Why most state governors have refused to form cabinets — Intersociety *Hits Speaker Gbajabiamila for appointing 33 aides Funke Olakunrin: We can no longer allow our people to be killed like chickens — Gani Adams Kidnapped 5-year-old Bayelsa girl still held in captivity after payment of N1m ransom Adegboruwa sends SOS to Sanwo-Olu over Ikoyi Cancer Treatment Center Nigerian Prof. dismissed by Ghana varsity opens up Man who married two sisters commits suicide over adultery Call your violent members to order, CAN tells Miyetti-Allah Immigration officer, 14 others in EFCC net for alleged passport racketeering Abia Poly begins online publication of results El-Rufai appoints new Accountant-General, DG KADGIS Anambra CJ acquits three inmates, grants 10 bail

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (509,632 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,425 views) Shameless Genevieve Nnaji exposes breasts in public (373,355 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,674 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,375 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (247,147 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (239,153 views) 10 cars more expensive than Jets (223,489 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (221,149 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,688 views) Lagos plane crash: Journalist releases victims’ names (188,295 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,933 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (97) Business & Economy (4,356) Business Verdict (76) Columnists (1,074) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (779) Global Business Monitor (396) ICT Monitor (53) International (3,723) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (342) News (48,804) Opinion (1,290) Pidgin (17) Politics (11,167) Religion (1,051) Sports (2,101) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera