Additional $250m Released by CBN
The Central Bank of Nigeria (CBN) on Wednesday released another 250 million dollars on 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials.
Mr Isaac Okorafor, The acting Director (Corporate Communications-CBN), said in his statement that the bank also called for bid for 100 million dollars wholesale spot for travelling allowances, medical and tuition fees.
He continued by saying that the apex bank had also commenced heavy injections into the spot market in addition to the settlement of requests for wholesale spot bids for invisibles like school fees, medicals and personal travel allowance.
It will be recalled that earlier this week, the apex Bank had disbursed 20,000 dollars each to the Bureau De Change (BDC) operators in two tranches of 10,000 dollars, to ensure liquidity in the foreign exchange market.
On Monday, the bank auctioned 100 million dollars to be settled between one week and 30 days.
It also auctioned 418 million dollars at N310 to a dollar to airlines, agricultural firms, petroleum and raw material importers in addition to the 350 million dollars it sold last week.
News, Events, Entertainment, Sports, Inspiration, Fashion and Health Tips
Wednesday, 12 April 2017
Subscribe to:
Post Comments (Atom)
Why Nigerians were warned not to vote Buhari Ten Years Ago? Obviously Nigerians do not like to read and that is why we are where we are...

-
Scientists: Planet Similar to Earth Discovered. A newly discovered planet sitting in a solar system just 39 light years away has been du...
-
Normalcy restored in Damaturu After Police/Army clash The Nigeria Police Force say normalcy has been restored in Damaturu, Yobe after th...
-
$38m, N23m Recoverd by EFCC in Lagos home The Economic and Financial Crimes Commission has discovered another large sum of money in a ...
No comments:
Post a Comment