CBN injects $210 million into forex market
has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday.
The bank’s Director, Corporate Communications Department, Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Mr Okorafor explained that the figures released by the CBN indicated that authorised dealers in the wholesale segment of the market were offered 100 million dollars while the Small and Medium Enterprises segment received 55 million dollars.
He said another 55 million dollars was allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance , among others.CBN had on September 6, injected 321.11 million U.S. dollars and CNY33.3 million into the Retail Secondary Market Intervention Sales segment.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CBN releases regulation for electronic payments, collections - Premium Times NigeriaThe regulation is a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes in Nigeria (2014).
Read more »
CBN: Federally-collected Revenue Rises by 23% to N932bn - THISDAYLIVEObinna Chima Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 per cent increase compared with the N760.08 billion recorded in June, the Central Bank of Nigeria (CBN) has revealed. However, the amount realised in the month under review, was lower than the provisional monthly budget estimate of N1.107 trillion …
Read more »
CBN asks ABCON to play stronger role in BDCs sector – Daily TrustThe Central Bank of Nigeria (CBN) has said the Association of Bureaux De Change Operators of Nigeria (ABCON) should play stronger role in the industry by embracing effective self-regulation. A statement yesterday quoted the CBN Deputy Director, Other Financial Institutions Department, Mustafa Haruna as saying this during the Inter-Governmental Action Group against Money Laundering in …
Read more »
CBN releases regulation for electronic payments, collections - Premium Times NigeriaThe regulation is a revision of the Guidelines on Electronic Payment of Salaries, Pensions, Suppliers and Taxes in Nigeria (2014).
Read more »
SEC, Consumer protection agency to conduct joint review of capital market transactions - Premium Times NigeriaThe Memorandum of Understanding between the agencies was signed in fulfilment of the Federal Competition and Consumer Protection Act (FCCPA) 2018.
Read more »
Agency seeks $3.5 million for humanitarian response in Bahamas - Premium Times NigeriaThe Pan American Health Organisation (PAHO) has issued a donor appeal of $3.5 million for humanitarian health response to cater for those affected by Hurricane Dorian in the Bahamas.
Read more »