M
mrsam
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Nigerian naira opened flat on Wednesday at the parallel market as Central Bank of Nigeria continues to pump forex into the market.
Table below shows today's (10/05/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro
Meanwhile, The Central Bank of Nigeria (CBN) has expressed satisfaction on its intervention in the foreign exchange market.
The Apex bank on Monday pumped $81.2 million into the FX market, covering invisibles and Small and Medium Enterprises (SMEs) segments.
The intervention, which came on the heels of $389 million offer in the retail segment of the forex market last weekend, showed that the apex bank provided the sum of $44 million to meet customers’ requests for invisibles such as Basic Travel Allowances (BTA), Personal Travel Allowances (PTA), medical bills and tuition fees, among others.
Table below shows today's (10/05/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro
Meanwhile, The Central Bank of Nigeria (CBN) has expressed satisfaction on its intervention in the foreign exchange market.
The Apex bank on Monday pumped $81.2 million into the FX market, covering invisibles and Small and Medium Enterprises (SMEs) segments.
The intervention, which came on the heels of $389 million offer in the retail segment of the forex market last weekend, showed that the apex bank provided the sum of $44 million to meet customers’ requests for invisibles such as Basic Travel Allowances (BTA), Personal Travel Allowances (PTA), medical bills and tuition fees, among others.