The Central Bank of Nigeria (CBN) on Thursday and Friday, injected a total sum of $543.22 million and CNY 63.21 million into the inter-bank foreign exchange market. At Thursday’s trading session, the apex bank offered the sum of $100 million as wholesale interventions and allocated the sum of $55 million each to the Small and […]
Tag: CBN Intervention in Forex Market
CBN Supplies $210Mn Into Forex Market
The Central Bank of Nigeria (CBN) on Tuesday supplied the sum of $210 million to the Inter-bank segment of the foreign exchange (Forex) market as part of its sustained interventions to meet customers’ demands. A breakdown of the distributions into the various segments of the market showed that the authorized dealers in the wholesale segment […]
CBN Injects $210m Into Inter-Bank Segment of Forex Market
The Central Bank of Nigeria (CBN) on Wednesday supplied the inter-bank segment of the foreign exchange (Forex) market with $210 million in furtherance of its efforts to boost the market’s liquidity. An analysis of the Forex supply showed that $100 million was provided for authorized dealers in the wholesale segment of the market while the […]
CBN Boosts Forex Market With $210m
The Central Bank of Nigeria (CBN) has injected another sum of $210million into the inter-bank Foreign Exchange Market as part of its sustained efforts to guarantee forex liquidity and meet customers’ needs in various segments of the market, Figures obtained from the Bank on Monday indicated that the CBN offered $100 million to authorized dealers […]
CBN Boosts Forex Market’s Liquidity With $210m
The Central Bank of Nigeria (CBN) today intervened in the inter-bank Foreign Exchange Market with the sum of $210 million to meet customers’ requests in various segments of the market.