CBN Injects $210m In Wholesale Forex Segment, Others

-

The Central Bank of Nigeria (CBN) on Tuesday, November 27, 2018, intervened in the wholesale segment of the foreign exchange market, offering the sum of $100m to dealers in that window.

A statement by the CBN said it also made interventions of $55m each in the Small and Medium Enterprises (SMEs) and Invisibles segments to meet the needs of customers.

The statement quoted by Isaac Okorafor, Director of Corporate Communications Department at the CBN, as assuring of the bank’s continued mediation in the interbank foreign exchange market in order to guarantee stability.

The apex bank had on Wednesday last week also intervened in the wholesale segment of the inter-bank foreign exchange market to the tune of $210m.
Meanwhile, the Naira continued its stable run against the United States dollars on Tuesday, November 27, 2018, exchanging at an average of N362/$1 in the BDC segment of markets across Lagos and Abuja.

https://investdata.com.ng/2018/11/cbn-injects-210m-in-wholesale-forex-segment-others/#more

Comments

Post a Comment

Popular posts from this blog

Wherever You are NOW is Your Decision

-
Image
                                        Photo credit: entrepreneurfail According to research, very few people are successful at anything at first. I included. The reason only a tiny percentage of the population achieves any significant success or wealth through stock is that few are willing to go through the process of what it takes to achieve in the stock market, and there is no shortcut. In fact, everybody has to go through four levels of learning every single time, and often, in the process - fail, regroup and begin again. Most people blame others like government policies, currency fluctuation, political instability, the election for stopping their progress, but in truth, there's only one person who can put on the parking break and that person is YOU. Furthermore, many people drive around with the break on without knowing it, or once awareness arrives, don't know how to lif...
Read more