Welcome to 9jaflaver

HOME | MUSICS | FREEBEAT | VIDEOS | NEWS | TECHS | JOKES | COMEDY VIDEOS | GOSPEL

Celebrity News | Education | Fashion | Football Updates | Lifestyle | Funny Photos

Call Only:- +2348081377637 or +2348111727895

You Can Email Us:- [email protected]



« | »

CBN Sells $195m To Boost FOREX Supply


The Central Bank of Nigeria on Monday intervened once again in the foreign exchange Market to boost forex liquidity.

According to the Acting Director, Corporate Communications of the Central Bank, Isaac Okorafor, a total of $195 million dollars was offered.

The acting director said Small and Medium Enterprises segment received $50 million, while the wholesale segment was appropriated $100 million.

The remaining $45 million was allocated to the tuition fees, medical payments and Basic Travel Allowance window.

Okorafor reaffirmed the CBN commitment to rates convergence and price stability.

Last week, the apex bank injected a total of $396.8 million in the various segments of the foreign exchange market.

Experts have said the continuous intervention is aiding consumer prices and general price stability in the country.

Speaking on the effectiveness of the policy, Samed Olukoya, a foreign exchange analyst at Investors King Ltd said: “Pace of increase of the inflation rate has declined for five consecutive months due to the CBN measures at ensuring there is substantial forex liquidity to aid economic activities.”

The consumer prices improved to 16.10 percent from about 19 percent in the last quarter of 2016.

The Naira remains fairly stable, exchanging at an average of N364 to a US dollar in the Bureau de Exchange segment of the forex market.

Investorsking

 

Click Here To Comment On This Post

 

Share This Post:-

[Music] Davido – Fia

[Music] Nelson Cool – Ifeoma

[Music] Kiss Daniel – Yeba

[Music] Lil Kesh Ft Rankfiizy – Ghetto Boi

[Music] Tekno Ft Wizkid – Mama

[Music] Tiwa Savage Ft Wizkid And Spellz – Ma Lo

[Music] Olamide – Enimimomi

[Music] Mr Never Ft Marvey Muzique – Let You Know

[Music] Phyno Ft Olamide – Augment

author image
About 9jaflaver owner (Mr Ejump)

Mr Ejump Is the owner/CEO of 9jaflaver, he's an economist, a loving, and friendly young man. CONNECT via:- FACEBOOK TWITTER


Posted by on July 18, 2017.

Categories: 9ja news

There is love in sharing

0 Responses

Don't Just Read A Post And Go, Comment Below To Make The Post Lively

Do You Have Something To Say? Comment In The Box Below

Your Name Below

NOTE:- After Dropping your comment, keep calm, it will take 5mins before it appears.

« | »


Hottest Songs This Week

FOR MORE MUSICS CLICK HERE

Hottest Videos This Week

FOR MORE VIDEOS CLICK HERE

9jaflaver Music Of The Week

Lil Kesh Ft Rankfiizy – Ghetto Boi

9jaflaver music of the week

DOWNLOAD HERE

Also Check Out:-

Nelson Cool – Ifeoma

Also check out

DOWNLOAD HERE

Mr Never Ft Marvey Muzique – Let You Know

Also check out

DOWNLOAD HERE

Advertise | About Us | Privacy Policy | Contact Us | Content Removal | DMCA

Like us on facebook | Follow us on twitter
Copyright © 2017 9jaflaver
Powered By: 9jaflaver