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

Naira sells at N367 as CBN pumps $195m into forex market

Arin Odumusi by Arin Odumusi
July 3, 2017
in Headline News
CBN injects $337.16m, 56.17m CNY into retail Secondary Market Intervention Sales

CBN governor, Godwin Emefiele

0
SHARES
6
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange market, on Monday injected $195 million into various segments of the inter-bank foreign exchange market.

This along with anticipation of the sales of $20000 to Bureau de Change operators affected the value of the naira which firmed to N367 to the dollar at the parallel market.

You might also like

Four Dead, ’18 Injured’ As IEDs Explode In Yobe

Police Arrest Two Traffic Robbers In Lagos

Lagos Assembly Approves Solar-powered Street Lighting Initiative

A breakdown of figures released by the CBN on Monday shows that the sum of $100 million was offered to authorized dealers in the wholesale window, just as the Small and Medium Enterprises (SMEs) window was allocated the sum of $50 million.

Those seeking forex for the purpose of BTA/PTA, tuition and medical bills, among other invisibles, received the sum of $45 million.

The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, who confirmed the figures, said the banks 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.

It will be recalled that the CBN in the last round of forex intervention in the inter-bank market on June 28, 2017, injected a total sum of $195 million to the wholesale, SMEs and invisibles segments of the market.

Meanwhile, a survey of markets in the Bureau de Change segment (BDCs) in Lagos, Abuja, Port-Harcourt and Kano, on Monday, July 3, 2017, showed that the naira exchanged at an average of N360 to the dollar in the BDC segment of the market.

Arin Odumusi

Arin Odumusi

Recommended For You

Police Arrest 'immigration officer,' 3Others With Trailers Of Rustled Cows

Four Dead, ’18 Injured’ As IEDs Explode In Yobe

At least four people have been killed and 18 reportedly injured following two separate improvised explosive device (IED) explosions in Gujba LGA of Yobe state. According to Zagazola...

Police Arrest Hotelier Over OAU Post-Graduate Student’s Death

Police Arrest Two Traffic Robbers In Lagos

  Operatives of the Lagos Rapid Response Squad (RRS), a unit of the Lagos Police Command, have arrested two notorious traffic robbers operating in the Ketu and Mile...

Lagos Govt Reaffirms Ban On Flogging In Schools, Upholds Counseling

Lagos Assembly Approves Solar-powered Street Lighting Initiative

  The Committee urged the Lagos State Electricity Board to ensure equitable distribution of the solar street lights across all parts of the state. The Lagos House of...

Senate Confirms Sani Adam As INEC National Commissioner

Constitution Review: Senate To Consider States Creation Requests, State Police, Other Bills

The Senate committee responsible for reviewing the 1999 constitution has announced that it will evaluate 31 proposals for the creation of new states as part of a renewed...

Next Post
Six Nigerian banks in top 1000 banks in the world

Six Nigerian banks in top 1000 banks in the world




Related News

Police Arrest 'immigration officer,' 3Others With Trailers Of Rustled Cows

Police Rescue 2 Doctors From Kidnappers In Kogi

Growth: African leaders must shun foreign influence -Buhari

Growth: African leaders must shun foreign influence -Buhari

Nigerian Nanny Jailed in U.S. for Killing Baby

Nigerian Nanny Jailed in U.S. for Killing Baby




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