• About
  • Advertise
  • Privacy & Policy
  • Contact
Elendu Reports Online
Fidelity Bank NG
ADVERTISEMENT
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
    Funke Akindele, Husband Set To Part Ways

    Funke Akindele, Husband Set To Part Ways

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    MURIC wants Buhari to ban Big Brother Naija show

    Breaking: BBNaija Whitemoney Takes Home The Money

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

  • Photo News
  • World News
  • Opinion
No Result
View All Result
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
    Funke Akindele, Husband Set To Part Ways

    Funke Akindele, Husband Set To Part Ways

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    The Oratory, Street And Homeless Children Movie Premieres In Abuja

    MURIC wants Buhari to ban Big Brother Naija show

    Breaking: BBNaija Whitemoney Takes Home The Money

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Rachael Oniga’s Death Not COVID-19 Related – Son

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Tunde Kelani’s Ayinla Takes Ibadan On A Cultural Extravaganza

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

    Glitz, Glamour As Celebrities, Dignitaries Storm Film House Cinema Ibadan For  ‘Okoto’ (The Series) Premiere

  • Photo News
  • World News
  • Opinion
No Result
View All Result
Elendu Reports Online
No Result
View All Result
Home Business

Forex: CBN intervenes with $210m

by Elendu Reports
March 28, 2018
in Business, Featured
0
CBN boosts  forex market  with $210
0
SHARES
FacebookTwitterWhatsappEmail
ADVERTISEMENT
ADVERTISEMENT
By folarin Emmanuel, Abuja

 The Central Bank of Nigeria (CBN) on Tuesday,  intervened in the inter-bank sector of the Foreign Exchange market to the tune of $210 million.

Figures obtained from the Bank indicate that the Wholesale sector of the market got a boost of $100 million, while the Small and Medium Enterprises (SMEs) and invisibles sectors were each offered $55 million.

According to Isaac Okorafor,  Acting Director, Corporate Communications Department at the Bank, Tuesday’s interventions were in continuation of the Bank’s commitment to maintain stability in the market as well as enhance production and trade.

Okorafor said the monetary regulator was pleased with the cooperation by players in the inter-bank market, which he noted had enjoyed a great deal of stability and seamless access of customers to foreign exchange following regular interventions by the CBN.

Continuing, Okorafor expressed optimism that the first Monetary Policy meeting (MPC) of the CBN billed for early next month will add fillip to the monetary policy activities of the Bank. He therefore urged Nigerians to remain optimistic about the economic outlook for 2018, stressing that the CBN remained people-centred.

It will be recalled that the CBN had last Friday, March 23, 2018, sustained its intervention in the Forex market by injecting the sum of $339.89 million in the Retail Secondary Market Intervention Sales (SMIS).

Meanwhile, the naira exchanged at N360/$1 in the Bureau De Change (BDC) segment of the market on Tuesday, March 27, 2018.

Tags: CBNfeatured
ShareTweetSendSend
ADVERTISEMENT
Previous Post

Oyegun, others' tenure elongation contravenes party's constitution, says Buhari

Next Post

Nigeria: Dispute over NNPC’s revenue figure stalls monthly revenue sharing

Elendu Reports

Elendu Reports

Next Post
Nigeria: 42% of capital projects in 2018  budget frivolous – BudgIT

Nigeria: Dispute over NNPC’s revenue figure stalls monthly revenue sharing

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ADVERTISEMENT

News

Use $1b ECA money to fight hunger haram in Nigeria, Fayose advises Buhari

PDP rescinds Fayose, Anyim, Shema’s suspension

by Elendu Reports
March 30, 2023
0

...

FCTA crushes 476 bikes for violation of ban in Abuja

FCTA crushes 476 bikes for violation of ban in Abuja

by Elendu Reports
March 30, 2023
0

...

On birthday, clerics pray for Tinubu, Nigeria in Abuja

On birthday, clerics pray for Tinubu, Nigeria in Abuja

by Elendu Reports
March 30, 2023
0

...

Quick Analysis: Planting The 95,000 ‘Seeds’ For 2023 Hajj

Interrogating the global rise in cost of Hajj

by Elendu Reports
March 30, 2023
0

...

Load More

Most Read

  • Empowerment Support Initiative Denies Corruption Allegations Report
    Empowerment Support Initiative Denies Corruption Allegations Report
  • Interrogating the global rise in cost of Hajj
    Interrogating the global rise in cost of Hajj
  • Cash crunch: NLC, TUC laud CBN intervention
    Cash crunch: NLC, TUC laud CBN intervention
  •  I didnt describe yorubas as political rascals-- Iwuanyanwu
     I didnt describe yorubas as political rascals-- Iwuanyanwu
  • Celebrating Chekwas Okorie at 3 score and 10
    Celebrating Chekwas Okorie at 3 score and 10
ADVERTISEMENT
Elendu Reports Online

  • Business
  • Education
  • Entertainment
  • Faith
  • Featured
  • Governance
  • News
  • Opinion
  • Photo News
  • Politics
  • Promoted
  • Sports
  • Top News
  • World News

PDP rescinds Fayose, Anyim, Shema’s suspension

FCTA crushes 476 bikes for violation of ban in Abuja

On birthday, clerics pray for Tinubu, Nigeria in Abuja

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Elendu Reports Online | Designed by Inventivo Consulting

No Result
View All Result
  • Home
  • Politics
  • Governance
  • Education
  • Business
  • Entertainment
  • Photo News
  • World News
  • Opinion

© Elendu Reports Online | Designed by Inventivo Consulting

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.