Share This Post

Businessday

CBN Injects $190 Million Into Forex Market

CBN Injects $190 Million Into Forex Market

The Central Bank of Nigeria, CBN, injected another $190 million into the forex market on Monday

The new disbursement is a follow up to the $831.5 million injected into different segments of the forex market last week

According to Mr Isaac Okorafor, acting Director Corporate Communications of the CBN, the apex bank would be introducing a new forex retail option soon.

He also stated that $100 million was sold through the interbank market to forex dealers authorised by the apex bank, while SMEs received $50 million.

In the same vein, $45 million was offered to the invisibles segment in order to meet medical, school tuition, allowances, travel allowances and personal demands.

Facebook Comments

Share This Post

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Lost Password

Register