News | Job Vacancy | Tv/Interviews | Scholarships | Educations | Entertainment | Biography | Got Talent's | Phones | Super Stories | Sports News | Comedies | Business | Relationship | Tech | Movies Series | Search
Posted by: Mr. Babatunde« on: October 10, 2017, 07:06:49 PM »The Central Bank of Nigeria (CBN) on Monday continued its intervention in the interbank foreign exchange (forex) market with the injection of $195 million. Figures released by the apex bank showed that it offered the total sum of $100 million to the wholesale segment, while the small and medium scale enterprises (SMEs) segment received the sum of $50 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received $45 million. Confirming the figures, the bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, said the injection was in line with the CBN’s pledge of making the Forex market liquid. Okorafor reiterated that the bank remained determined to achieve its objective of rates convergence, hence the consistent intervention in the foreign exchange market. He urged banks to only honour requests from customers with genuine needs, noting that the Bank does not intend to falter in its pledge to ensure liquidity in the forex market. Meanwhile, the naira continued to maintain its stability in the forex market, exchanging at an average of N363/$1 in the Bureau De Change (BDC) segment of the market on Monday, October 9, 2017.
"Oodua Festival to hold June 23rd - 25th in Osun" - FTAN by Miss Ifeoluwa
[Today at 07:28:27 PM] Generator fumes kill 7 friends inside studio in Bayelsa by Rajih [Today at 03:37:20 PM] CBN raises interest rate to 26.25% amid rising inflation by Rajih [Today at 03:35:56 PM] Watch You Can’t Run Forever – Movie Review And Mp4 Trailer by Mr. Babatunde [Today at 04:14:28 AM] Eminem Teases New Music For Next Week by Mr. Babatunde [Today at 04:06:53 AM]
|