Business

CBN injects $248m, CNY 35m into Retail SMIS

CBN Resumes Dollar Sales For SMEs, School Fees

 

The Central Bank of Nigeria (CBN) has injected $247.8 million into the retail Secondary Market Intervention Sales (SMIS) and CNY 34.8 million in the spot and short tenored forwards segment of the inter-bank foreign market.

The CBN Director of Corporate Communications Department, Mr. Isaac Okorafor, made this known weekend, saying that the intervention was for requests in the agricultural and raw materials sectors. The Chinese Yuan, on the other hand, was for Renminbi denominated Letters of Credit.

Mr. Okorafor further expressed satisfaction over the continued stability of the foreign exchange which. According to him, it was largely due to sustained intervention by the Bank.

He assured that the apex Bank Management would remain committed to ensuring that all the sectors of the forex market continue to enjoy access to the needed foreign exchange.

Meanwhile, $1 exchanged for N360 at the Bureau de Change (BDC) segment of the foreign exchange market, while CNY1 exchanged at N53.

Comment With Facebook

Comments (192)

  1. Hi! Do you use Twitter? I’d like to follow you if that would be ok. I’m definitely enjoying your blog and look forward to new posts.|

  2. I’m gone to inform my little brother, that he should also visit this website on regular basis to obtain updated from most recent news.|

  3. Every weekend i used to visit this site, because i wish for enjoyment, since this this website conations truly nice funny material too.|

  4. Please let me know if you’re looking for a author for your weblog. You have some really great posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d absolutely love to write some articles for your blog in exchange for a link back to mine. Please send me an email if interested. Cheers!|

  5. Howdy! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really enjoy your content. Please let me know. Cheers|

  6. Good post. I learn something new and challenging on blogs I stumbleupon every day. It will always be interesting to read articles from other authors and practice something from other websites. |

  7. I think this is among the most significant info for me. And i’m glad reading your article. But want to remark on some general things, The web site style is ideal, the articles is really great : D. Good job, cheers|

  8. Hi, i think that i noticed you visited my blog so i got here to return the want?.I am trying to to find things to enhance my website!I guess its ok to use some of your concepts!!|

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

  10. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment?s pleasure, for the rest of their lives.

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

  12. Hey there! I just wanted to ask if you ever have any issues with hackers? My last blog (wordpress) was hacked and I ended up losing several weeks of hard work due to no backup. Do you have any solutions to protect against hackers?|

  13. With havin so much content and articles do you ever run into any problems of plagorism or copyright infringement? My blog has a lot of completely unique content I’ve either created myself or outsourced but it appears a lot of it is popping it up all over the internet without my authorization. Do you know any ways to help reduce content from being stolen? I’d genuinely appreciate it.|

  14. I’m really enjoying the theme/design of your website. Do you ever run into any internet browser compatibility problems? A small number of my blog visitors have complained about my blog not working correctly in Explorer but looks great in Firefox. Do you have any advice to help fix this problem?|

  15. Great blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple tweeks would really make my blog shine. Please let me know where you got your design. Cheers|

  16. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I?d prefer to use some with the content on my blog whether you don?t mind. Natually I?ll give you a link on your web blog. Thanks for sharing.

  17. Basil exactly what you can call me but obtain call me anything such as. Data processing may be the his primary income was inspired by. My family lives in Financial institution break in. One of my favorite hobbies is actually by camp nonetheless haven’t resulted in a dime by using. If you want to find uot more the look at his website: #link#

  18. great put up, very informative. I wonder why the other experts of this sector don’t notice this. You should continue your writing. I am sure, you have a great readers’ base already!|

  19. I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored material stylish. nonetheless, you command get got an edginess over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly very often inside case you shield this hike.|

  20. i bookmared your site

  21. This website really has all of the info I needed concerning this subject and didn’t know who to ask. |

  22. Heya i am for the first time here. I found this board and I in finding It truly helpful & it helped me out a lot. I hope to give something back and help others such as you aided me.|

  23. After study a few of the blog posts on your website now, and I truly like your way of blogging. I bookmarked it to my bookmark website list and will be checking back soon. Pls check out my web site as well and let me know what you think.

  24. The author is called Rhett. I used to be able to unemployed but this time I am a cashier and it’s something I revel in. Her family lives in New york. To read comics is what I do every weeks. If you want to find out more the look at my website: #link#

  25. There are certainly a lot of details like that to take into consideration. That is a great point to bring up. I offer the thoughts above as general inspiration but clearly there are questions like the one you bring up where the most important thing will be working in honest good faith. I don?t know if best practices have emerged around things like that, but I am sure that your job is clearly identified as a fair game. Both boys and girls feel the impact of just a moment?s pleasure, for the rest of their lives.

  26. It’s awesome in support of me to have a web page, which is good designed for my know-how. thanks admin|

  27. Nice post. I learn something more challenging on different blogs everyday. It will always be stimulating to read content from other writers and practice a little something from their store. I?d prefer to use some with the content on my blog whether you don?t mind. Natually I?ll give you a link on your web blog. Thanks for sharing.

  28. Hi where there. My name is Rayna. It’s definitely a common thing but what she likes doing is coin collecting but she can’t get it to her vocation. Office supervising recently been his day job for ages. California is where my home is therefore i have just what I need here. Check out the latest news on my own website: #link#

  29. The author is known by the name of Thad and that he totally digs that headline. Administering databases has been his day job for time. California is where he’s always been living. I am really fond of climbing and I’ll be starting another thing along needed. You can always find her website here: #link#

  30. Basil just what you can call me but may refine call me anything you like. One of my favorite hobbies is camp however i haven’t developed a dime destinations. My family lives in Connecticut. Data processing is where his primary income comes from. If you want to find uot more away his website: #link#

  31. 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!

  32. It’s great that you are getting thoughts from this paragraph as well as from our discussion made at this place.|

  33. If some one desires expert view on the topic of blogging and site-building then i propose him/her to pay a quick visit this blog, Keep up the good work.|

  34. whoah this weblog is magnificent i like reading your posts.
    Keep up the good work! You already know, many people are searching round for this info, you
    could help them greatly.

  35. You could certainly see your enthusiasm in the work you write. The sector hopes for even more passionate writers such as you who aren’t afraid to mention how they believe. Always follow your heart.

  36. 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!

  37. “I have been browsing online more than three hours today, yet I never found any interesting article like yours. It’s pretty worth enough for me. Personally, if all website owners and bloggers made good content as you did, the net will be a lot more useful than ever before.”

Comment here