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.
Tuesday, February 28, 2017
CBN Pumps $180m into the Forex Market
Posted by Chimere Iroha on 9:31 AM in Central Bank of Nigeria forex | Comments : 0
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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