{"id":24999,"date":"2018-07-11T14:06:03","date_gmt":"2018-07-11T13:06:03","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=24999"},"modified":"2018-07-11T14:06:03","modified_gmt":"2018-07-11T13:06:03","slug":"forex-market-gets-210m-intervention-from-cbn","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/forex-market-gets-210m-intervention-from-cbn\/","title":{"rendered":"Forex Market Gets $210m Intervention from CBN"},"content":{"rendered":"

The interbank foreign exchange market on Tuesday received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers\u2019 requests in various segments of the market.<\/p>\n

In its determination to meet the customers\u2019 needs in the sundry segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, while the SMEs segment got the sum of $55 million, according to figures obtained from the Bank.<\/p>\n

The figures also indicated that customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55 million.<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

The Bank\u2019s Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor, assured Nigerians that the Bank will continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.<\/p>\n","protected":false},"excerpt":{"rendered":"

The interbank foreign exchange market on Tuesday received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers\u2019 requests in various segments of the market. In its determination to meet the customers\u2019 needs in the sundry segments of the market, the CBN offered $100 million to authorised dealers in the …<\/p>\n","protected":false},"author":6,"featured_media":22759,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[711],"coauthors":[2391],"class_list":["post-24999","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-forex"],"yoast_head":"\nForex Market Gets $210m Intervention from CBN - National Wire<\/title>\n<meta name=\"description\" content=\"The interbank foreign exchange market on Tuesday received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers\u2019 requests in various segments of the market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/forex-market-gets-210m-intervention-from-cbn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex Market Gets $210m Intervention from CBN - 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