• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Economy FOREX: CBN consolidates market stability with $195m
  • Economy

FOREX: CBN consolidates market stability with $195m

By
Prnigeria
-
October 23, 2017
CBN
CBN

FOREX: CBN consolidates market stability with $195m

The Central Bank of Nigeria (CBN) on Monday, October 23, 2017, injected the sum of $195million into the inter-bank Foreign Exchange Market.

Figures obtained from the Bank indicate that the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $50 million. Those requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were allocated the sum of $45 million.

Read Also:

  • NAF Invites Applications for Airmen, Airwomen Recruitment 46/2025
  • Bilyaminu Bello’s Family Condemns Presidential Pardon for Maryam Sanda, Cites “Inexorable Pain”
  • Kano Police Bust Armed Robbery Syndicate, Arrest 9 Suspects, Recover Weapons

The apex Bank’s Acting Director in charge of Corporate Communications, Mr. Isaac Okorafor, confirmed the figures, saying that the Bank was confident that the level of transparency it had entrenched in the market would help the Naira to sustain its steady run against the dollar and other major currencies around the world.

According to him, “the market will remain very stable as long as every player sticks to the forex guidelines.”

It will be recalled that the CBN last week intervened in the various segments of the Forex market with the sum of $195 million.

Meanwhile, the naira continued to maintain its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Monday, October 23, 2017.

by PRNigeria

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • CBN
  • Foreign Exchange
  • FOREX
Previous articleEFCC Testifies Against Oil State Consultants over N113m Scam
Next articleHead of Service Not Aware of Maina’s Reinstatement
Prnigeria
Prnigeria
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Scars: Nigeria’s Journey and the Boko Haram Conundrum

Gen. Irabor’s Book Exposes Boko Haram’s Sexual Violence Tactics and Drug Use

NDLEA Logo

NDLEA Operatives Nab Businessman After Excreting 127 Wraps of Cocaine at Kano Airport

Nigerian Youths

Foreign Hands and the Dangerous Narratives Hurting Nigeria, By Mukhtar Ya’u Madobi

Scars: Nigeria’s Journey and the Boko Haram Conundrum

In Scars, Gen. Irabor Chronicles the Human Toll of Boko Haram: 2,700 Soldiers and 350,000 Lives Lost

Nigeria Customs Service Warns Public Against Fake Recruitment Shortlist

Troops Crush Terrorist Attack in Ngamdu, Kill Several Insurgents

Guests at IPRA Conference in Ghana

TRAVELOGUE: Of a Roadside Presidential Office, a Wise Driver and 3 Days in Ghana

GWA Award Winners 2025

Another Beautiful Evening for Nigeria Customs in Accra

NITDA Unveils Trustmark Platform for Safer E-Commerce in Nigeria

Professor Joash Ojo Amupitan

Tinubu Nominates Prof. Amupitan, a Northern Yoruba Scholar, as New INEC Chairman

Governor Umar Dikko Radda and Chief of Army Staff, Lieutenant-General Olufemi Oluyede, at Army Headquarters, Abuja.

Gov Radda Hails Troops’ Gallantry, Seeks for New Army Unit in Katsina

Tinubu: Shuttle Diplomacy and the Power of Showing Up

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • NAF Invites Applications for Airmen, Airwomen Recruitment 46/2025
  • Bilyaminu Bello’s Family Condemns Presidential Pardon for Maryam Sanda, Cites “Inexorable Pain”
  • Kano Police Bust Armed Robbery Syndicate, Arrest 9 Suspects, Recover Weapons
  • Improving Nigeria’s Digital Safety Through Customs–NCC Synergy
  • Kwara Gov’t Disburses N180 Million to Families of Fallen Forest Guards, Vigilantes, Community Fighters
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NAF Invites Applications for Airmen, Airwomen Recruitment 46/2025Bilyaminu Bello's Family Condemns Presidential Pardon for Maryam Sanda, Cites "Inexorable Pain"Kano Police Bust Armed Robbery Syndicate, Arrest 9 Suspects, Recover WeaponsImproving Nigeria’s Digital Safety Through Customs–NCC SynergyKwara Gov't Disburses N180 Million to Families of Fallen Forest Guards, Vigilantes, Community FightersDSS Warns Public Against another Dismissed Officer Impersonating AgencyTrump Arrives in Israel Ahead of Egypt Summit on Gaza Peace EffortsInformation Minister Congratulates Danlami Nmodu on Election as GOCOP PresidentFCT Police Raid Criminal Hideouts, Arrest 52 SuspectsPolice Reform Deepens as NASS Okays 2 Landmark Bills to Strengthen ForceAfrican body, experts urge leaders to step up countries' health financingSoldier, Wife Found Dead at Wawa Cantonment as Army Orders InvestigationGen. Irabor’s Book Exposes Boko Haram’s Sexual Violence Tactics and Drug UseIGP Reassigns Senior Police Officers to FCT, Kogi Commands Pending PSC ApprovalArmy Eliminates Wanted IPOB Commander, 26 Others, Rescue Hostages in Nationwide Operations
X whatsapp