{"id":33639,"date":"2019-07-31T10:46:09","date_gmt":"2019-07-31T09:46:09","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=33639"},"modified":"2019-07-31T10:46:09","modified_gmt":"2019-07-31T09:46:09","slug":"cbn-injects-210m-into-forex-market","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/cbn-injects-210m-into-forex-market\/","title":{"rendered":"CBN Injects $210m Into Forex Market"},"content":{"rendered":"<p>The Central Bank of Nigeria has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.<\/p>\n<p>The bank\u2019s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja.<\/p>\n<p>Okorafor explained that authorized dealers in the wholesale sector of the market received 100 million dollars, while the Small and Medium Enterprises and the invisible segments were allocated the sum of 55 million dollars each.<\/p>\n<p>He said the efforts of the CBN had helped to ensure the stability of the Naira and also increased the level of investors and public confidence in the economy.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>The\u00a0<em>News Agency of Nigeria<\/em>\u00a0reports that CBN had in the last intervention on July 26, injected the sum of 284.2million dollars and CNY36million into the Retail Secondary Market Intervention Sales segment.<\/p>\n<p>Meanwhile, the Naira on July 30 exchanged at an average of N358 to a dollar in the Bureau De Change segment of the market.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market after the transactions on Tuesday, July 30.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":16808,"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":[23,1593,17,624],"tags":[36,5938],"coauthors":[2391],"class_list":["post-33639","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-cbn","tag-forex-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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