The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (Forex) market, has injected 195 million dollars into various segments of the inter-bank foreign exchange market.

The acting Director, Corporate Communications, Isaac Okorafor in a statement on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale window. 

Similarly the Small and Medium Enterprises (SMEs) window was allocated the sum of 50 million dollars.

Also, those seeking forex for the purpose of business and personal travel, tuition and medical bills, among other invisibles, received the sum of 45 million dollars.

Okorafor said that the Bank’s continued intervention was aimed at strengthening the international value of the Naira, while ensuring accessibility to the greenback by customers who required it for genuine purposes.

The CBN in the last round of forex intervention in the inter-bank market on June 28, injected $195million to the wholesale, SMEs and invisibles segments of the market.

Recall that the Naira on Monday slightly appreciated against the dollar at the parallel market.

Naira gained two points to exchange at N365 to the dollar.

Pound sterling and the Euro traded at N465 and N412 respectively.

Trading at the interbank market saw the Naira closed officially at N305.95 to the dollar, while the pound sterling and the Euro closed at N397.12 and N349.22, respectively.

http://fabinfos.com/naira-may-rise-dollar-cbn-pumps-additional-195m/

For now this will go a long way till they get something sustainable. But they really need to do something about bank rate. GTB still exchanges for 380/4

Keep pumping

"Naira gained two points to exchange at N365 to the dollar."

- N199/N200 - 1$ or nothing

Useless government

Ba

BaJj

wen baba was away...naira get mouth

Una still dey do dis una kalokalo

Nigeria is in a big mess. keep pumping. Which kind economy policy is this? Pumping/injecting more FX is not the solution. I pity this country.

Enough of celebrating this artificial solution.
How long can Kemi Adeosun and Godwin Emiefele sustain this charade.


What happens when there is no more dollar to cushion it?
The naira will just fall like Halima Abubakar's_breasts

W

hope e go have effect on our fones, need to get new fone asap, since carlcare refuse to help me to repair my zero2

Not a good one for Yahoo boiz ooh �

Has anybody heard anything from buhari and the isolated parked plane in the UK?

Hmmm.....na wa o

Is this sustainable. What percentage of the country is benefitting from this.

Which way Nigeria..

when will that end.

Just make am 50 naira to 1 dollars weitin dey there for una to do? Huh

No comment

The APC government just make me weak. Buhari disappointed me.

Stories

APC and her artificial economy,how long will you continue pumping dollar into your economy.

Failures personified

Abi dem dey expect Buhari to come back?

Well well wel

Since January 2017, CBN have pumped in over $1bn. Maka why? This is not the best way to go about dollar scarcity.

They will keep pumping the dollars and the hoarders will keep hoarding the money.

Just passing

All those grammar

How much be Dollar and Euro to Naira
We need
1 dollar = 10 Naira

injecting and pumping of dollar into the economy doesn't look like the solution

Danny287:
Just passing

Where you dey go
Come back here and talk about the Naira