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CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has made a fresh injection of $210 million into the inter-bank foreign exchange market in its determination to boost supply in that sector of the market. Figures released by the Bank on Tuesday, February 19, 2019, indicated that it offered the total sum of $100million to the wholesale segment, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among…

Forex: Inter-Bank Market Gets Additional $210m Boost From CBN

The Central Bank of Nigeria (CBN) on Tuesday, October 30, 2018, gave the sum of $100 million to authorized dealers in the wholesale segment of the inter-bank foreign exchange market. This was disclosed by its Director in charge of Corporate Communications, Isaac Okorafor, who on Tuesday stated that the Bank would continue to intervene in the country’s interbank foreign exchange market. According to him, the management is focused on ensuring stability in the market through liquidity and has allocated the sum of…

CBN Intervenes In Forex Market With $210m

The Central Bank of Nigeria (CBN), on Tuesday, released the sum of $210 million in various segments of the inter-bank foreign exchange market. The Bank’s Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, who confirmed the figures, said the latest intervention is to ensure that forex is available for customers’ in various segments of the market. According to the figures obtained from the CBN, the apex Bank offered $100million to authorized dealers in the wholesale segment of the market,…

CBN Uplifts Forex Market With $210m

The Central Bank of Nigeria (CBN), continued its weekly forex intervention on Tuesday, injecting the sum of $210 million into the inter-bank Foreign Exchange Market. The Bank’s Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, who confirmed the figures, said the latest intervention is to ensure that forex is available for customers’ in various segments of the market. According to the figures obtained from the CBN, the apex Bank offered $100 million to authorized dealers in the wholesale…

CBN Injects $543m, CNY 63m Into Forex Market

The Central Bank of Nigeria, on Thursday and Friday, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. The CBN’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, who confirmed the figures on Friday, said the latest intervention is to ensure the availability of foreign exchange to genuine customers. Okorafor said the Bank remained committed to maintaining the country’s external reserves to safeguard the international value of the Naira…

CBN Injects Fresh $210m In Foreign Exchange Market

The Central Bank of Nigeria (CBN) has injected 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments of the market. The CBN Acting Director of Corporate Communications, Mr Isaac Okoroafor in a statement on Tuesday, said that $100 million was offered to authorised dealers in the wholesale segment of the market. According to him, $55 million was allocated to the Small and Medium Enterprises (SMEs) segment, while customers who require foreign exchange for tuition…

Forex: CBN Strengthens Market With $210m

In its quest to meet customers’ needs in the various segments of the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN) has made available the sum of $210million. The CBN’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, who confirmed the figures, said the latest intervention in line with the apex Bank’s pledge to sustain liquidity in the market and maintain stability. A breakdown of the figures indicates that the CBN offered $100million to authorized dealers in the…

Forex: CBN Injects $210m

The Central Bank of Nigeria (CBN), on Tuesday, continued its weekly intervention in the inter-bank foreign exchange (forex) market, releasing the sum of $210 million into different segments of the market. The CBN Acting Director Corporate Communications Department, Mr. Isaac Okorafor, who confirmed the figures, said $100 million was offered to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. A breakdown of the figures also…

Forex Market Receives Fresh $210m From CBN

The Central Bank of Nigeria, on Tuesday, continued its weekly intervention in the interbank foreign exchange market, releasing the sum of $210 million into different segments of the market. The Bank’s Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, who made the disclosure, said the latest intervention is to meet customers’ requests in various segments of the market. A breakdown of the Bank’s latest round of intervention indicates that the CBN offered the sum of $100 million to dealers…

CBN Lifts Forex Market With $210m

The Central Bank of Nigeria (CBN) has released the sum of $210 million into different segments of the inter-bank Foreign Exchange Market. Isaac Okorafor, the CBN’s Acting Director in charge of Corporate Communications, who confirmed the figures on Tuesday, said the latest intervention were in line with the Bank’s commitment to sustain the high level of stability in the Forex market. A breakdown of the Bank’s latest round of intervention indicates that the CBN again offered the sum of $100 million to dealers in the…
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