Business A.M
No Result
View All Result
Wednesday, March 11, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

CBN injects $210m into foreign exchange market

by Admin
December 28, 2018
in Frontpage
The Central Bank of Nigeria says it has injected 210 million dollars into the various segments of the market to sustain its intervention in the Inter-Bank Foreign Exchange Market.

Mr Isaac Okorafor, CBN Director, Corporate Communications, made this known on Thursday in Abuja.

Okorafor said that the apex bank offered 100 million dollars as wholesale interventions and allocated 55 million dollars to Small and Medium Enterprises.

He said that another 55 million dollars was allocated to customers requiring foreign exchange for business and personal travels, tuition or medical fees.

The director explained that the Thursday’s interventions was in continuation of the bank’s resolve to sustain the high level of stability in the foreign exchange market.

According to him, it is also to continue to ease access to the currency by customers in different sectors.

He lauded the actors in various sectors of the market for the level of stability, in spite of the activities of speculators.

Okorafor said that CBN was ready to play its interventionist role in the market.

The News Agency of Nigeria reports that CBN, in its last interventions earlier in December, injected 299.82 million dollars and 143.60 million Chinese Yuan into the Retail Secondary Market Intervention Sales.

Meanwhile, one United States Dollar exchanged for N360 in the Bureau De Change segment of the market on Thursday in Abuja.

Admin
Admin
Previous Post

Dollar slips vs. yen, Swiss franc as risk appetite wanes

Next Post

Banking, capital market record $3b decline in foreign portfolio investment

Next Post

Banking, capital market record $3b decline in foreign portfolio investment

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

SEC mulls phased adoption of ISSB standards to woo investors to Nigeria

SEC launches FinTech clinic to align innovation with investor protection

March 11, 2026
Otunola to lead Mexico’s first consulate presence in Lagos

Otunola to lead Mexico’s first consulate presence in Lagos

March 11, 2026
TikTok snubs Africa’s largest creator market as Nigeria missed in 2025 rewards rollout

TikTok backs AI literacy in Africa with $200,000 ad credits

March 10, 2026
Fuel market on edge as Dangote halts naira petrol sales

Dangote Refinery lowers petrol to N1,075/Litre, diesel to N1,430

March 10, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Oyo targets 500 MW energy generation by 2027

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

SEC mulls phased adoption of ISSB standards to woo investors to Nigeria

SEC launches FinTech clinic to align innovation with investor protection

March 11, 2026
Otunola to lead Mexico’s first consulate presence in Lagos

Otunola to lead Mexico’s first consulate presence in Lagos

March 11, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M