Monday, 15 May 2017

CBN Injects Additional $457.3m Into The Forex Market.

Nigeria's apex Financial institution "The Central Bank of Nigeria" (CBN) has injected an additional $457.3 million into
various segments of the forex market - 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. 
According to The CBN Spokesman, Mr Isaac Okoroafor, He stated  that both the spot and forwards segments garnered 267.3 million dollars, while the wholesale segment got 100 million dollars. 

Okoroafor also mentioned  the Small and Medium Enterprises (SMEs) and invincible segments comprising basic travel allowance, tuition fee and medical got 50 million dollars and 40 million dollars respectively. 

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