Tuesday, 16 May 2017

CBN injects new $457.3 million into forex market

The Central Bank of Nigeria yesterday, Monday injected 457.3 million dollars into various segments of the market.

The CBN spokesperson, Isaac Okorafor, in a statement in Abuja, said that both the spot and forwards segments garnered $267.3 million, while the wholesale segment got $100 million.
Mr. Okorafor said the Small and Medium Enterprises, SMEs, and invisibles segments comprising basic travel allowance, tuition fee and medical got $50 million and $40 million respectively.
NAN checks also revealed that the Naira closed at N383 to a dollar at the parallel market.

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