» CBN Injects $297.92 Into Secondary Market

The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).

The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday.

Okarafor disclosed that CBN also injected CNY21.2million in the spot and short-tenured forwards segment of the inter-bank foreign market.

According to him, the United States dollars-denominated transactions are to meet requests in the agricultural and raw materials sectors, while those in Chinese Yuan are for Renminbi-denominated Letters of Credit.

The director reiterated that the bank’s management was satisfied with the continued stability in the foreign exchange market.

He assured that the CBN remained committed to meeting foreign exchange needs of all sectors of the economy.

Meanwhile, N358 was exchanged to a dollar, while CNY1 exchanged at N46 at the Bureau De Change (BDC) segment of the foreign exchange market on Friday.



READ: How I Make N225,000 Monthly Online

READ: N-power Latest Updates

AD: STEM CELL THERAPY TO TREAT CORONAVIRUS. SEE HOW CHINESE ARE USING STEM CELL THERAPY FOR THE TREATMENT OF CORONAVIRUS, BECOME A DISTRIBUTOR OF STEM CELL WITH N495,000 AND EARN OVER N200,000 DAILY

READ: How to Make Money Without Doing Anything



Receive Daily News Updates. Enter your email below and click "subscribe"

(After subscribing, Please go to your email and Activate)

READ: How to Make Money Without Doing Anything

Follow Us for Daily Naija News:

Twitter:


Telegram:

Android App:

Facebook:

Related Posts:



Leave a Reply

Your email address will not be published. Required fields are marked *

Follow Us for Naija News:

Twitter:


Telegram:

Android App:

Facebook:


Follow Us for Daily Naija News:

Twitter:


Telegram:

Android App:

Facebook: