CBN injects $279.13m, CNY 46.92 in retail SMS

Currency in circulation fell to N2.39trn In August – CBN

The Central Bank of Nigeria (CBN) has again made interventions in the Retail Secondary Market Intervention Sales (SMIS) of the Foreign Exchange market totaling $279.13 million and CNY 46.92.

Figures of the sales consummated, weekend revealed that the sum of $279,128,518.66 was injected to meet requests of customers in the agricultural, airlines, petroleum products and raw materials and machinery sectors.

The Bank’s Director, Corporate Communications Department, Mr. Isaac Okorafor also confirmed that the sum of CNY46,924,114.04 was for payment of Renminbi-denominated Letters of Credit for agriculture as well as raw materials.

The latest transaction was in addition to the $210 million injected into the Wholesale, Small and Medium Enterprises, and Invisibles segments of the market on Tuesday, February 5, 2019.

While expressing the satisfaction of the Bank’s management at the stability in the different segments of the foreign exchange market, Okorafor attributed the level of stability to the Bank’s transparency in foreign exchange transactions.

With the exchange rates closing at N358/$1 on Friday, February 8, 2019,  Mr. Okorafor, expressed confidence that the Naira will continue to enjoy stability, given the periodic interventions of the Bank in the inter-bank segment.

Comment With Facebook

Comments (240)

  1. I was more than happy to find this web site. I need to to thank you for ones time due to this wonderful read!! I definitely appreciated every part of it and I have you bookmarked to check out new stuff on your blog.|

  2. Everything is very open with a clear clarification of the issues. It was definitely informative. Your site is very useful. Thanks for sharing!|

  3. I for all time emailed this web site post page to all my associates, for the reason that if like to read it after that my friends will too.|

  4. Good post. I learn something new and challenging on websites I stumbleupon everyday. It will always be exciting to read articles from other writers and practice something from other web sites. |

  5. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point. You obviously know what youre talking about, why throw away your intelligence on just posting videos to your site when you could be giving us something informative to read?|

  6. I think everything said was actually very reasonable. However, what about this? suppose you were to create a killer post title? I am not suggesting your information isn’t good., but suppose you added something that grabbed folk’s attention? I mean BLOG_TITLE is kinda vanilla. You could glance at Yahoo’s home page and note how they create post headlines to get people to click. You might add a video or a related picture or two to get people interested about everything’ve got to say. Just my opinion, it could bring your website a little bit more interesting.|

  7. These are really great ideas in concerning blogging. You have touched some fastidious factors here. Any way keep up wrinting.|

  8. Magali may be the name mother and father gave her but she never really liked that name. He’s always loved living in Vermont. I used to be unemployed even so I am a time assistant but soon my spouse and i will start our own home office. Researching fashion is something his wife doesn’t really enjoy but he is doing. I’ve been working on my website for years now. Examine it here: #link#

  9. My coder is trying to persuade me to move to .net from PHP. I have always disliked the idea because of the expenses. But he’s tryiong none the less. I’ve been using Movable-type on various websites for about a year and am worried about switching to another platform. I have heard great things about Is there a way I can import all my wordpress content into it? Any kind of help would be really appreciated!|

  10. Howdy! I know this is kinda off topic however I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog article or vice-versa? My blog discusses a lot of the same subjects as yours and I believe we could greatly benefit from each other. If you happen to be interested feel free to shoot me an e-mail. I look forward to hearing from you! Great blog by the way!|

  11. You actually make it seem so easy with your presentation but I find this topic to be actually something that I think I would never understand. It seems too complex and extremely broad for me. I’m looking forward for your next post, I’ll try to get the hang of it!|

  12. When some one searches for his essential thing, so he/she desires to be available that in detail, therefore that thing is maintained over here.|

  13. Quality articles or reviews is the crucial to attract the users to visit the web site, that’s what this site is providing.|

  14. Basil is what you can call me but you can call me anything such as. Data processing will be the his primary income is derived from. My family lives in Financial institution break in. One of my favorite hobbies through using camp nevertheless haven’t created a dime by using. If you want to find uot more check out his website: #link#

  15. This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want?HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!

  16. What’s Taking place i’m new to this, I stumbled upon this I’ve found It positively useful and it has aided me out loads. I am hoping to give a contribution & assist different customers like its aided me. Good job.|

  17. The author is known by the naming of Violeta but she never really liked that phone. My friends say it’s not good for me but what i love doing is to jog and I’ll be starting something else along along with it. For years he’s been located in Vermont. I am currently a cashier and it’s something I revel in. You can find my website here: #link#

  18. Nice meet up with you, I’m Thomas Shattuck. Credit authorising is how she makes money but she intentions of changing it. His wife and him chose to call home Vermont and he will never move. Climbing exactly what I do every seven days. I am running and maintaining a blog here: #link#

  19. The author is known by the domain name of Violeta but she never really liked that discover. My friends say it’s not good for me personally but what i love doing is to jog and I’ll be starting another thing along by using it. For years he’s been pleasant Vermont. I am currently a cashier and it is something I really love. You can find my website here: #link#

  20. Have you ever considered about including a little bit more than just your articles? I mean, what you say is valuable and everything. But think about if you added some great photos or video clips to give your posts more, “pop”! Your content is excellent but with images and video clips, this website could certainly be one of the greatest in its field. Very good blog!|

  21. Hi there to every one, the contents present at this web site are actually amazing for people experience, well, keep up the nice work fellows.|

  22. I really like it whenever people come together and share thoughts. Great blog, continue the good work!|

  23. Very nice post. I just stumbled upon your blog and wanted to say that I have truly enjoyed surfing around your blog posts. In any case I’ll be subscribing to your feed and I hope you write again very soon!|

  24. Really appreciate you sharing this blog article.Really looking forward to read more.

  25. Wow that was strange. I just wrote an incredibly long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyhow, just wanted to say wonderful blog!|

  26. The author is known by the domain name of Thad and this man totally digs that name. I am really fond of climbing and I’ll be starting another thing along utilizing. California is where he’s always lived. Administering databases has been his normal work for a time. You can always find her website here: #link#

  27. I am really thankful to the holder of this web site who has shared this fantastic post at at this place.|

  28. The author is called Rhett. I used to be unemployed and more so I am a cashier and it’s something I revel in. To read comics just what I do every full week. Her family lives in Nc. If you want to find out more check out my website: #link#

  29. Hey there! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about making my own but I’m not sure where to begin. Do you have any ideas or suggestions? Appreciate it|

  30. Greetings I am so happy I found your blog, I really found you by error, while I was looking on Digg for something else, Regardless I am here now and would just like to say thanks for a incredible post and a all round enjoyable blog (I also love the theme/design), I don’t have time to browse it all at the minute but I have saved it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb jo.|

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.