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Naira Appreciates As CBN Boosts Forex Market With $210m

The Central Bank of Nigeria (CBN) has again injected the sum of $210 million into the inter-bank Foreign Exchange Market in continuation of its sustenance of liquidity in that segment of the market. Figures obtained from the CBN on Tuesday, April 9, 2019, indicated that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million. Similarly, customers requiring foreign exchange for invisibles such!-->!-->!-->!-->!-->…

2019 Polls: EFCC Raises Alarm Over Fake Dollar Notes In Circulation

The Economic and Financial Crimes Commission (EFCC) has raised the alarm over the circulation of fake dollar notes ahead of Saturday's Presidential and National Assembly elections. The alarm was contained in a statement signed by the Acting Chairman of the Commission, Ibrahim Magu. Intelligence gathered in the build-up to the elections indicates that the Dollar notes have features of genuineness, though the commission’s forensic analysis reveals otherwise. “We, therefore, warn the BDC operators to be cautious in…

Forex: CBN Injects Fresh $210m

As part of its weekly intervention to meet customers requests, the Central Bank of Nigeria has injected the sum of $210 million into different segments of the inter-bank foreign exchange market. According to figures released by the apex Bank on Tuesday, authorized dealers in the wholesale segment received the sum of $100 million, while $55 million was allocated to the Small and Medium Enterprises (SMEs). Also, the invisibles segments, which comprises of customers requiring forex for tuition fees, medical payments and…

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,…

Forex: CBN Injects $303m, CNY 46.58m Into Retail SMIS

The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales. The Bank, in a statement by its Director, Corporate Communications, Isaac Okorafor, also announced the sale of CNY 46.58 million in the spot and short-tenored forwards. According to the figures obtained from the apex Bank, the US dollar-denominated interventions were only for concerns in the agricultural and raw materials sectors. Okorafor said that the exercise which…

CBN Gives Forex Market Fresh $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…

Forex: Wholesale Market, BTA, PTA Get $210m CBN Boost

The Central Bank of Nigeria (CBN), on Tuesday, continued its weekly intervention in the inter-bank foreign exchange market by injecting the sum of $210,000,000 into various segments of the market. The CBN’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, who confirmed the figures, said the Bank was pleased at the performance of the Naira, noting that the currency had continued to enjoy stability against the dollar and other major currencies of the world in recent times. A breakdown of the…

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…
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