The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

CBN lifts forex market with $210m

Agency Report by Agency Report
March 7, 2018
in Headline News
CBN lifts forex market with $210m
0
SHARES
8
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Central Bank of Nigeria (CBN) has provided fresh $210 million to meet customers’ requests in various segments of the foreign exchange market.

The Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement in Abuja, said the CBN offered $100 million to authorised dealers in the wholesale segment of the market.

You might also like

Eat Right, Exercise Regularly – Pastor Adeboye Advises

NELFUND: Nigerian Govt Resumes Upkeep Payment For Students

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

Read also: Ripples over CBN directive on non-performing loans, dividend payment

He said also that the Small and Medium Scale Enterprises (SMEs) segment received 55 million dollars, while another 55 million dollars was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA).

Okoroafor reassured the public that the bank would continue to intervene in the interbank foreign exchange market, in line with its determination to sustain liquidity in the market and maintain stability.

He said further that the steps taken so far by the bank in the management of foreign exchange had paid off, as reflected by reductions in the country’s import bills and accretion to its foreign reserves.

Meanwhile, the Naira on Tuesday, exchanged for N361 to a dollar on the Bureau De Change segment of the market. (NAN)

Tags: BTACBNForex MarketnewsNEXT EDITIONnigerian newspapersr Isaac OkoroaforSMEs
Agency Report

Agency Report

Recommended For You

Coronavirus: RCCG Adjusts Worship Schedule In Lagos, Ogun States

Eat Right, Exercise Regularly – Pastor Adeboye Advises

As global health concerns continue to rise, the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adejare Adeboye, has issued a clarion call to...

NELFUND: Nigerian Govt Resumes Upkeep Payment For Students

NELFUND: Nigerian Govt Resumes Upkeep Payment For Students

The Nigerian Education Loan Fund, has announced that it has resumed payment of upkeep allowances to beneficiary students with updated commercial banks. The spokesperson of NELFUND, Mrs Oseyemi...

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

Media Laws: Information Minister Assures Nigerian Editors Of Cooperation

The Minister of Information and National Orientation, Alhaji Mohammed Idris, has assured the Nigerian Guild of Editors (NGE) of cooperation in their quest to seek for harmonisation of...

Ambassador Sarafa Tunji Isola To Chair 7th Penpushing Media Anniversary Lecture

Ambassador Sarafa Tunji Isola To Chair 7th Penpushing Media Anniversary Lecture

  A former Nigerian Ambassador to United Kingdom, Ambassador Sarafa Tunji Isola has accepted the role of chairman at the 7th anniversary lecture of Penpushing Media, scheduled to...

Next Post
DSS frees journalist held over report on Boko Haram ransom

DSS frees journalist held over report on Boko Haram ransom




Related News

Certified True Copy of Ruling Showing Why Appeal Court Stripped EFCC of Powers to Prosecute Judges

Certified True Copy of Ruling Showing Why Appeal Court Stripped EFCC of Powers to Prosecute Judges

Nigerian embassy- minister

Ukraine: Only Those Documented with Nigerian embassies Eligible For evacuation- Minister

Man Jailed Two Years For Fraud

Man Jailed Two Years For Fraud




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited