The Central Bank of Nigeria
(CBN), in continuation of its drive to ensure liquidity and stability in the
foreign exchange (Forex) market, has injected 195 million dollars into various
segments of the inter-bank foreign exchange market.
The acting Director, Corporate
Communications, Isaac Okorafor in a statement on Monday in Abuja said that 100
million dollars was offered to authorised dealers in the wholesale window.
Similarly the Small and Medium
Enterprises (SMEs) window was allocated the sum of 50 million dollars.
Also, those seeking forex for the
purpose of business and personal travel, tuition and medical bills, among other
invisibles, received the sum of 45 million dollars.
Okorafor said that the Bank’s
continued intervention was aimed at strengthening the international value of
the Naira, while ensuring accessibility to the greenback by customers who
required it for genuine purposes.
The CBN in the last round of
forex intervention in the inter-bank market on June 28, injected $195million to
the wholesale, SMEs and invisibles segments of the market.
Recall that the Naira on Monday
slightly appreciated against the dollar at the parallel market.
Naira gained two points to
exchange at N365 to the dollar.
Pound sterling and the Euro
traded at N465 and N412 respectively.
Trading at the interbank market
saw the Naira closed officially at N305.95 to the dollar, while the pound
sterling and the Euro closed at N397.12 and N349.22, respectively.
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