Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,342 members, 7,954,392 topics. Date: Friday, 20 September 2024 at 06:02 PM |
Nairaland Forum / Nairaland / General / Business / CBN Pumps $210m Into Forex Market (4938 Views)
CBN Injected $18bn Into Forex Market In 2022 / CBN Injects $263m, CNY 39m Into Forex Market / Naira Weakens At Forex Market As Foreign Reserves Drop To $43b (2) (3) (4)
CBN Pumps $210m Into Forex Market by buttlover(m): 6:12am On Mar 20, 2018 |
The Central Bank of Nigeria (CBN), on Monday, March 19, injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market. The acting director, corporate communications department, Isaac Okoroafor in a statement said that the move would ensure the continuous availability of foreign exchange to customers. Giving a breakdown, Okoroafor said that the bank offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received 55 million dollars. He said also that customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated 55 million dollars. Okoroafor reassured the public that the bank would continue to intervene in the interbank foreign exchange market in line with its desire to sustain liquidity in the market and maintain stability. He also said that the steps taken so far by the apex bank in the management of foreign exchange was paying off, as reflected by reduction in the country’s import bills and accretion to its foreign reserves. It will be recalled that the CBN had recently injected 210 million dollars into the Wholesale segment of the foreign exchange market. Meanwhile, the naira continued its stability in the foreign exchange market, exchanging at an average of N360 to a dollar in the Bureau de Change segmentof the market. https://t.guardian.ng/news/cbn-sustains-liquidity-in-forex-market-with-210-million/
|
Re: CBN Pumps $210m Into Forex Market by Blakjewelry(m): 6:14am On Mar 20, 2018 |
Yet the thing still balance for where e dey 9 Likes |
Re: CBN Pumps $210m Into Forex Market by wwwtortoise(m): 7:19am On Mar 20, 2018 |
Temporary solution to a persistent problem. For how long will they continue to do same thing and expect a different result in the long-run. CLOWNS. 13 Likes 2 Shares |
Re: CBN Pumps $210m Into Forex Market by Nwaohafia1: 7:20am On Mar 20, 2018 |
We advised APC last year that this is not the solution, they didn't listen. It is equivalent to when you have malaria, and you keep taking paracetamol. They will keep pumping more into the system. 2 Likes |
Re: CBN Pumps $210m Into Forex Market by dukeprince50: 7:20am On Mar 20, 2018 |
they should just put some money into bet9ja to sustain liquidity, its not lucrative recently 8 Likes |
Re: CBN Pumps $210m Into Forex Market by josephobaro(m): 7:20am On Mar 20, 2018 |
How do the pumping affect the ordinary man on the street? 2 Likes |
Re: CBN Pumps $210m Into Forex Market by Buffalowings3(m): 7:21am On Mar 20, 2018 |
Ozugo, you sure say no be home economics these yeye people sTudy in the uni 7 Likes
|
Re: CBN Pumps $210m Into Forex Market by Fanatique: 7:22am On Mar 20, 2018 |
That's good |
Re: CBN Pumps $210m Into Forex Market by ThatCEO: 7:25am On Mar 20, 2018 |
The way CBN is announcing this foolishness, you will think it's some political or economic achievement that we are meant to applaud. Just pump all the whole Treasury and let everyone rest. 13 Likes 1 Share |
Re: CBN Pumps $210m Into Forex Market by easyfem(m): 7:25am On Mar 20, 2018 |
*�FOR THOSE THAT REALLY WANTS MONEY WORK FOR THEM �* Hello Everyone, My name is ISA, i want to introduce to you a company that has been making people millionaires in short time.. kindly read this � I want to multiply my bitcoin by 300% I want to be paid daily I want to multiply my Naira by 300% I want all these but I don't want to refer anyone I have plans for 2018 I want to refer and have additional bonus that will make me get more than 300% Am in search of a very reliable Platform to invest in... I like investing only on reliable and credible Company I have money to invest... So my money can work for me.. If you answer to all these or any of it is yes then join *Bitclub Advantage* Join us today and become financially free If you are interested. Check my signature now!! and you will be added to our closed membership group... Where you meet other like minds.. �� |
Re: CBN Pumps $210m Into Forex Market by Nobody: 7:26am On Mar 20, 2018 |
Blakjewelry: The thing just weak me.. Sometimes i wonder if they are really pumping this money at all, cos I'm not seeing any difference. 3 Likes |
Re: CBN Pumps $210m Into Forex Market by TheGoodJoe(m): 7:26am On Mar 20, 2018 |
Another Modular refinery gone. Weldone. Keep on treating malaria with Paracetamol. 1 Like |
Re: CBN Pumps $210m Into Forex Market by StoneLucifer: 7:27am On Mar 20, 2018 |
dukeprince50: bet9ja ko, bet9ja ni....Rubbish!!!! |
Re: CBN Pumps $210m Into Forex Market by Nobody: 7:28am On Mar 20, 2018 |
Great one! |
Re: CBN Pumps $210m Into Forex Market by frankmoney(m): 7:28am On Mar 20, 2018 |
Nwaohafia1:what is the solution then , can you explain in detail so we can understand 3 Likes |
Re: CBN Pumps $210m Into Forex Market by CodecJay(m): 7:29am On Mar 20, 2018 |
Hmmm. Owk 1 Like |
Re: CBN Pumps $210m Into Forex Market by josephubah111(m): 7:29am On Mar 20, 2018 |
I no trust this government all this pumping yet no show..... 2 Likes |
Re: CBN Pumps $210m Into Forex Market by herraph: 7:30am On Mar 20, 2018 |
wwwtortoise: Our leadership is incompetent 1 Like |
Re: CBN Pumps $210m Into Forex Market by TheGoodJoe(m): 7:33am On Mar 20, 2018 |
frankmoney: “The biggest Forex consumer in Nigeria today, is the Petroleum Product (Downstream), of which I am the leader. Petroleum products take over 75 per cent of the Forex that Nigeria generates. Therefore, if you want to attack the difference between the Naira and the Dollar and of which no expert has been able to find out a solution, what you need to do is to find an alternative that you need to energize in Nigeria, so that the demand for Forex needed for the importation of petroleum products will crash. “If you do that, you have taken away 75 per cent of that cancer that is taking away our dollars. And how do you do this? There’s what is called top-up refineries. Some top-up refineries can cost us as little as $200million.... Ifeanyi Ubah 5 Likes 1 Share |
Re: CBN Pumps $210m Into Forex Market by AlexCk: 7:39am On Mar 20, 2018 |
they keep pumping the money, things keep getting 'not better'(don't wanna use that word) honestly, what the heck is going on?? 1 Like |
Re: CBN Pumps $210m Into Forex Market by kam1992: 7:43am On Mar 20, 2018 |
Re: CBN Pumps $210m Into Forex Market by lincolnj88: 7:54am On Mar 20, 2018 |
kerosene economics continue 1 Like |
Re: CBN Pumps $210m Into Forex Market by Nwakannaya1: 7:56am On Mar 20, 2018 |
So these people still dey waste our money... 1 Like |
Re: CBN Pumps $210m Into Forex Market by hardywaltz(m): 8:08am On Mar 20, 2018 |
TheGoodJoe:So why haven't you opened ur own refinery? Why hasn't any of the 22 persons (including Akwa Ibom and Delta State Governments) given licenses by Obj government opened any refinery? Why is it Dangote who just collected license the other day that is almost throu with his refinery? All we know how to do is criticize 5 Likes |
Re: CBN Pumps $210m Into Forex Market by YEsHYsE: 8:32am On Mar 20, 2018 |
princepet |
Re: CBN Pumps $210m Into Forex Market by Jethrolite(m): 8:33am On Mar 20, 2018 |
TheGoodJoe:Where is your source that claims 75% of forex is spent on Petroleum Products. 1 Like 1 Share |
Re: CBN Pumps $210m Into Forex Market by frankmoney(m): 8:35am On Mar 20, 2018 |
TheGoodJoe:ok sounds reasonable , I think if dangote refinery comes n stream it will address the situation |
Re: CBN Pumps $210m Into Forex Market by frankmoney(m): 8:36am On Mar 20, 2018 |
hardywaltz:exact same thing I want to say , if it was that cheap we should have a lot of refineries by now |
Re: CBN Pumps $210m Into Forex Market by Jaytecq(m): 9:35am On Mar 20, 2018 |
nice... best news ever |
Re: CBN Pumps $210m Into Forex Market by izzyboi(m): 10:26am On Mar 20, 2018 |
Read 7 Powerful Ways To Keep Your Information Safe And Secure. https://didyouknowthesefacts./2018/03/20/7-powerful-ways-to-keep-your-information-safe-and-secure/ |
Nigeria Imported 4.79 Billion Liters Of Petrol In Q2 2018 – NBS / Loans Without Credit Check / A Business That I Can Start With #15,000
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 35 |