Tuesday, August 16, 2022
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result
Home Uncategorized

Naira Appreciates as CBN Plans to Pump More Dollar into FX Market

metronews by metronews
March 13, 2017
in Uncategorized
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter
 
As the Naira
continues to appreciate against the dollar and other foreign currencies amid
liquidity boost, indications emerge  that
CBN is unrelenting in its move to ensure more liquidity in the interbank FOREX
market, as it will inject more foreign exchange into market early this week.

Even though
the Bureau de Change and parallel market segments have also benefitted from the
recent interventions, the next action of the apex bank is sending jitters to
currency speculators who hitherto took advantage of the scarcity of foreign
exchange in the recent past.
Confirming
the proposed additional foreign exchange injection into the system, the Acting
Director, Corporate Communications of the CBN, Mr. Isaac Okorafor said that
bank was determined to sustain the provision of liquidity in the foreign
exchange market in order to enhance accessibility and affordability for genuine
end users.
Mr. Okorafor
also cautioned dealers in foreign exchange not to engage in any unwholesome
practice that is detrimental to smooth operations in the market, warning that
the CBN would impose heavy sanctions on any organization or official involved
in such act.
As at last
week, the CBN had intervened in the interbank FOREX market by offering over
$1.2 billion for both wholesale and retail interventions.
The CBN had
offered the sum of 100 million dollars as wholesale interventions and sold
about 70 million to meet requests for business and personal travel allowances.
The move was in a bid to sustain the tempo of foreign exchange supply to the
interbank market and ensure liquidity.

It was also
to enable more people to overcome the difficulty of obtaining forex for their
transactions.

Previous Post

Anti-Uduaghan Protests, A Political Gimmick

Next Post

Adoke Insists Obasanjo, Yar’Adua, Jonathan Endorsed Malabu Agreement

Related Posts

Uncategorized

One on One With Nixalina of Intercourse & London City

August 13, 2022
Gov’ship Primary In Lagos, Free Fair Peaceful –Appeal Committee
Uncategorized

SANWO-OLU CHAIRS FINANCE AND LOGISTICS COMMITTEE AS APC SETS UP 18 SUB-COMMITTEES FOR PRESIDENTIAL PRIMARIES

June 3, 2022
Ibadan APC Agog As Rotimi Ajanaku Picks Nomination Forms For Ibadan North West/South West Federal Constituency
Opinion

OPINION:2023, ROTIMI AJANAKU AND OYO STATE APC POLITICAL CONSCIOUS ROUTE IN IBADAN SOUTH WEST/NORTH WEST FEDERAL CONSTITUENCY.

May 26, 2022
Next Post

Adoke Insists Obasanjo, Yar’Adua, Jonathan Endorsed Malabu Agreement

Leave a Reply Cancel reply

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

BROWSE BY CATEGORIES

  • #SmartLagos
  • aviator-online-game.com
  • Basketball
  • Beauty
  • Boxing
  • Breaking
  • Business
  • Careers
  • Crime
  • Education
  • Entertainment
  • Event
  • Fashion
  • Featured
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • jasonebin.com
  • jasonebin.com#kak-igrat-v-1hbet-besplatno-ili-na-dengi#
  • kings-chance-play.com#fr#
  • leovegas-online.com
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • Music
  • MUSIC
  • New Music
  • News
  • Nollywood
  • Novels
  • Odawood
  • Opinion
  • ozwin-online.com
  • ozwinplay.com
  • Parenting
  • Photos
  • pin-up-india.com
  • pinupbahis9.com#ru#pinupcasino#
  • Politics
  • Press Release
  • ragingbullaustralia.com
  • Relationship
  • Religion
  • Scandal
  • Sex
  • Society
  • Sports
  • Technology
  • Travel
  • TV
  • Uncategorized
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria #EndSARS Adams Oshiomhole Akinwunmi Ambode APC ASUU Atiku Abubakar Baba Jide Sanwo-olu Big brother Naija 2020 boko haram Buhari Bukola Saraki CBN court COVID-19 davido Donald Trump Edo Election Edo state Edo State Election efcc Federal Government FG Godwin Obaseki Goodluck Jonathan IGP INEC ize iyamu Kayode Fayemi Lagos Lagos State Lai Mohammed Muhammadu Buhari NCDC Nigeria NYSC Obaseki PDP police President Buhari President Muhammadu Buhari Sanwo Olu tinubu wike Yemi Osinbajo

POPULAR

  • LAGOS SENATOR BAYO OSINOWO (PEPPER) IS DEAD

    LAGOS SENATOR BAYO OSINOWO (PEPPER) IS DEAD

    0 shares
    Share 0 Tweet 0
  • UPDATED LAGOS SOCIALITE AND POLO BUFF DAPO OJORA IS DEAD

    0 shares
    Share 0 Tweet 0
  • Anxiety mounts over Ajimobi’s health in Oyo .. Aides Insist He Is Alive

    0 shares
    Share 0 Tweet 0
  • LAGOS GAC: OTUNBA BUSH, CARDINAL ODUNMBAKU MAKES LIST, OGBENI RAUF AREGBESOLA MEMBERSHIP TERMINATED

    0 shares
    Share 0 Tweet 0
  • SENATOR BURUJI KASHAMU IS DEAD

    0 shares
    Share 0 Tweet 0
  • BREAKING NEWS: FG relaxes restriction on churches, mosques

    0 shares
    Share 0 Tweet 0
  • STOP PRESS!!! IBIDUN AJAYI IGHODALO IS DEAD

    6 shares
    Share 6 Tweet 0
  • BABA SUWE IS DEAD

    0 shares
    Share 0 Tweet 0

Recent News

  • Игровые Автоматы Слоты Онлайн: Бесплатно И нет Регистрации
  • 1хбет официальному Сайт, Регистрация в Сайте, Зеркало на Сегодня
  • лучшие Букмекерские Конторы Топ 10 Букмекеров Рейтинг Онлайн Бк в 2022 Год
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.