Cbn injects 210 million dollars into forex market

Cbn injects 210 million dollars into forex market

10/09/ · The Central Bank of Nigeria (CBN) has injected million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday 16/07/ · The inter-bank segment of the Nigerian foreign exchange market received a fresh boost of million dollars from the Central Bank of Nigeria on Tuesday 18/04/ · He recalled that the CBN, in its last intervention on April 10, injected million dollars to cater for requests in the various segments of the forex market

CBN injects another $ million into Forex market | Premium Times Nigeria

The Central Bank of Nigeria CBN says it has again injected million dollars into the Foreign Exchange Forex market in continuation of its intervention in the sector. A statement by Isaac Okorafor, Acting Director, Corporate Communications Department, in Abuja on Wednesday, said the intervention was to enable market operators meet the requests of customers.

Giving a breakdown of the figures he said CBN offered million dollars to authorised dealers in the wholesale segment of the market. Mr Okorafor said that the CBN was pleased with the current market situation brought about by policies it had put in place to check forex speculators, round trippers and rent-seekers.

According to him, these policies have helped to stabilise the exchange rate in addition to the establishment of the Cbn injects 210 million dollars into forex market window, which has increased forex supply with over 20 billion dollars inflow since its inception.

He recalled that the CBN, in its last intervention on April 10, injected million dollars to cater for requests in the various segments of the forex market. Meanwhile, the Naira continues its stability in the FOREX market, exchanging at an average of N per dollar in the Bureau De Change BDC segment of the market on Wednesday.

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Nigeria's central bank injects $210mn into currency market

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CBN injects $ million into forex market | Dailytrust

11/02/ · The Central Bank of Nigeria (CBN) has injected the sum of million dollars into the inter-bank Foreign Exchange Market to boost liquidity in the sector. The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Tuesday The Central Bank of Nigeria (CBN) has injected 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 12/06/ · ABUJA – The Central Bank of Nigeria (CBN), has made available the sum of $million, to meet customers’ requests in