The Central Bank of Nigeria (CBN) on Friday supplied $331.41million to the retail Secondary Market Intervention Sales’ (SMIS’) segment of the foreign exchange (Forex) market as part of its sustained efforts to ensure adequate liquidity in the market The Friday’s intervention came barely 48 hours after the apex bank sold $210 million in the Inter-Bank […]
Tag: CBN Forex Into SMIS
CBN Injects $396.18m To Boost Retail Market’s Liquidity
The Central Bank of Nigeria (CBN) on Friday intervened in the Retail Secondary Market Intervention Sales (SMIS) segment of the foreign exchange market with $396.18million to meet demands in the agricultural, airlines, petroleum products and raw materials and machinery sectors. In a statement issued confirming the figures, the apex bank’s Acting Director, Corporate Communications Department, […]
CBN Injects $325.64m Into Retail SMIS
The Central Bank of Nigeria, CBN, on Friday again intervened in the Retail Secondary Market Intervention Sales, SMIS, with $325.64 million injected into the segment of the forex market.