News Express banner Camano banner
CBN intervenes in Forex market with $268.60m, CNY39.09m

By News Express on 23/03/2019

Views: 220

•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...
Kimono: Rastafarians to hold candlelight procession in Ebonyi...

Tears, as Orits Williki, Okoroji, others pay last...

Ohanaeze youths root for total restructuring, say it...

Stakeholders express worry over pirates on Nigerian waters...

President Jonathan leads physical fitness exercise in Abuja...

Intersociety unveils names of alleged chief abusers of...

Buhari to tribunal: I beat Atiku in his...

Botched Polls: No plan to remove INEC Chairman...

Nwaoboshi appeals judgment sacking him as Delta North...

Ondo Guber: Akeredolu loses at Supreme Court

2013 SUBSIDY PAYMENTS HIT N287.3 BILLION •Payments decline...

2015 Polls: An insider’s overview of security issues...

 

Latest News Obama's ex-deputy, Joe Biden, joins 2020 US presidential race Breaking News: Five oil wells on fire in Ondo BREAKING: Buhari off to UK; to be away for over a week Presidency and Nigerian by birth Niger Delta: FG blacklists contractors NLNG commences 2019 cycle of Post-Primary, Undergraduate and Post-Graduate scholarships 2 monks sentenced to death over bishop’s murder Pant thieves nabbed during hot argument Bayelsa Assembly members get life pensions 169 million children miss out on measles vaccine in 8 years Premier League: Man City take control of title race with derby win, Wolves dent Arsenal’s Top 4 hopes Six pipeline vandals perish in oilfields fire disaster

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,462 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,383 views) Shameless Genevieve Nnaji exposes breasts in public (352,947 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,112 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,444 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,271 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,346 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,900 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,079 views) 10 cars more expensive than Jets (189,867 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,309 views) Lagos plane crash: Journalist releases victims’ names (178,833 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,216) Business Verdict (65) Columnists (1,019) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (38) International (3,356) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,313) Opinion (1,228) Pidgin (17) Politics (10,644) Religion (985) Sports (1,970) 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