Evablizin:
ok thanks i wouldn't forget again

Ijaya123:
Smh


Judging from the comments above, it is quite obvious that several people are bereft of how the economy works and the implications of dollar injection into the economy.

They are only here to attack and abuse based on ethnic and religion divide. And I'm of the opinion they are youths.

So who hands over leadership to such?

Ijaya123:
Smh


Judging from the comments above, it is quite obvious that several people are bereft of how the economy works and the implications of dollar injection into the economy.

They are only here to attack and abuse based on ethnic and religion divide. And I'm of the opinion they are youths.

So who hands over leadership to such?

dallyemmy:
I don't think extra pumping of dollar into FX would bring the naira below 360 bar that cbn had set before. The 360 bar has to be removed to allow naira move towards the CBN rate.

lugado:
if government can be pumping dollars every week with the low price of oil and the reserve is not really affected, then it shows how the past governments have been stealing the excess funds they've been getting.

Evablizin:
What is Eid ul fitr?

Drinokrane:
The Central Bank of Nigeria (CBN) on Friday, allocated the total sum of $240 million to the Retail Secondary Market Intervention Sales (SMIS) for spot and forward deals.

The dollars were offered for the last trading day of the week and ahead of June 26 and 27, 2017 holiday declared by the federal government to commemorate the Eid-ul-Fitr.

The Bank, also on Friday, confirmed the sale of forex to dealers in the bureau de change (BDC) segment of the market to meet the needs of low-end forex users.

According to Isaac Okorafor, the acting director, corporate communications at the CBN, the $240m figure released to the Retail SMIS included deals initiated in the course of the out-going week.

While expressing delight at the stability in the forex market, Okorafor said the bank remained very optimistic that its goal of exchange rate convergence is fast becoming a reality, adding that the CBN was committed to ensuring liquidity in the forex market.

It will be recalled that the CBN, in its interventions last week, injected about $831.5 million in the inter-bank Forex market and released figures indicating that the Bank had boosted transactions at the Investors’ & Exporters’ (I&E) segment of the market to the tune of $2.2bn.

Meanwhile, the naira continued to maintain its stability in the forex market, closing at an average of N365/$1 in the BDC segment of the market on Friday, June 23, 2017.

Source; http://drinosblog..nl/2017/06/central-bank-pumps-240m-into-fx-market.html

Myndd44 Lalasticlala Dominique Fynestboi

nittroboy:
Google search ignoramus

Akeelahtunez:
Where did CBN get the pumping machine from

seniwellsFX:
no offense,but pls can u kindly tell us the essence of quantitative easing(money supply) if its mandate is not felt by the real section and to a large extent the masses as regards the economic indices that affect their life's?

Evablizin:
What is Eid ul fitr?

Sunnah1:
Eid al-Fitr is an important religious holiday celebrated by Muslims worldwide that marks the end of Ramadan, the Islamic holy month of fasting.

Sunnah1:
Eid al-Fitr is an important religious holiday celebrated by Muslims worldwide that marks the end of Ramadan, the Islamic holy month of fasting.