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Oriental News Nigeria
Home»Banking & Finance»Money Market»CBN Boosts Forex Market With $457.3m
Money Market

CBN Boosts Forex Market With $457.3m

By orientalnewsngMay 16, 2017No Comments1 Min Read
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Image result for nigeria CBN

Yemisi Izuora

The Central Bank of Nigeria (CBN) on Monday injected 457.3 million dollars into various segments of the market.

The CBN Spokesman, Mr Isaac Okorafor in a statement in Abuja, said that both the spot and forwards segments garnered 267.3 million dollars, while the wholesale segment got 100 million dollars.

Okorafor said the Small and Medium Enterprises (SMEs) and invisibles segments comprising basic travel allowance, tuition fee and medical got 50 million dollars and 40 million dollars respectively.

Okorafor expressed satisfaction with the level of activities in the market.

He said that the volume of activities being recorded in the Investors and Exporters forex segment was indicative of the fact that investors were attracted to the Nigerian financial market and the economy in general.

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