Tuesday, February 28, 2017

CBN Pumps $180m into the Forex Market

The Central Bank of Nigeria continued its intervention into the forex market by pumping additional $180m into the market for settlements of various transactions.The sum of $100m was released into the wholesale forwards segments of the market,additional $80m was provideed to banks specifically for the settlement of dollar demands for schhool fees,medicals,and Personal Travel Allowance.

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