The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).

The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday.

Okarafor disclosed that CBN also injected CNY21.2million in the spot and short-tenured forwards segment of the inter-bank foreign market.

According to him, the United States dollars-denominated transactions are to meet requests in the agricultural and raw materials sectors, while those in Chinese Yuan are for Renminbi-denominated Letters of Credit.

The director reiterated that the bank’s management was satisfied with the continued stability in the foreign exchange market.

He assured that the CBN remained committed to meeting foreign exchange needs of all sectors of the economy.

Meanwhile, N358 was exchanged to a dollar, while CNY1 exchanged at N46 at the Bureau De Change (BDC) segment of the foreign exchange market on Friday.

https://www.pmnewsnigeria.com/2019/08/24/cbn-injects-297-92-into-secondary-market/amp/

FTC

Injection wey no dey produce result...... You better give the secondary market herbs

R

And how do I access this $297million ??

When is tertiary injection?

no more forex for food importation, if you like imported gucci rice go and collect some dollars from Invictus obi

i really wish real business men access this forex and not some aboki bdc opreators or estacode for some traveling politicians

Okay, make dem dey inject up and down like say dem wan get free internet through HTTP.

All the money they been injecting since, I wonder where they all end up...

Nigerian kids on narialand ! Can you pray that God give una some brain ? You should ask When was the last injection ? What will happen when CBN can not inject anymore?

most of us don't understand what this thread means but we just had to comment anyway.

Paper talk.

MondayOsunbor:
Nigerian kids on narialand ! Can you pray that God give una some brain ? You should ask When was the last injection ? What will happen when CBN can not inject anymore?

u need brain also brother

Propaganda ...
To whom Shoprite? Why not modernize the local markets.

Rgade:
And how do I access this $297million ??

Same question i was about to ask here

actiondrilling:
The Central Bank of Nigeria (CBN), has injected 297.92 million dollars into the retail Secondary Market Intervention Sales (SMIS).

The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor made this known in a statement in Abuja on Friday.

Okarafor disclosed that CBN also injected CNY21.2million in the spot and short-tenured forwards segment of the inter-bank foreign market.

According to him, the United States dollars-denominated transactions are to meet requests in the agricultural and raw materials sectors, while those in Chinese Yuan are for Renminbi-denominated Letters of Credit.

The director reiterated that the bank’s management was satisfied with the continued stability in the foreign exchange market.

He assured that the CBN remained committed to meeting foreign exchange needs of all sectors of the economy.

Meanwhile, N358 was exchanged to a dollar, while CNY1 exchanged at N46 at the Bureau De Change (BDC) segment of the foreign exchange market on Friday.

https://www.pmnewsnigeria.com/2019/08/24/cbn-injects-297-92-into-secondary-market/amp/

OP edit your topic, million is missing from it.

Oh well

This people should stop giving one unnecessary headache .CBN inject this today inject that tomorrow with no atom of significant value on the generality of the citizens....


My submission : CBN injection is a moribund.

Duggedised12:
Same question i was about to ask here

Abi, Money that we can't access; is that one money.

Okay

Rgade:

Abi, Money that we can't access; is that one money.

na dem den go still access am, same way only connected people in my state are acecessing agricutultural loans to build houses

Duggedised12:
na dem den go still access am, same way only connected people in my state are acecessing agricutultural loans to build houses

Exactly.
Choi!... agricultural loans to build houses??
Kwarapshion
This country is finished

CBN! JUST CREATE AN ENABLING ENVIRONMENT FOR BUSINESSES ESPECIALLY THE SMALL ONES, TO THRIVE. THEN MONEY WILL FLOW WELL AND ALL THESE INTERVENTIONS MIGHT NOT BE NECESSARY

Rgade:

Exactly.
Choi!... agricultural loans to build houses??
Kwarapshion
This country is finished

na so we see am o ,the people wey need am most nor dey get access to these loans .

let them inject it to tertiary market,i dont even understand what they mean

How is this news in a country where most of the youths don't know where their next meal is coming from? How is this news in a country where some parents have four graduates at home, and still feeding them and don't know when and how they will become independent? How is this news in a nation where our leaders still travel out to treat headache? Where our hospitals are abandoned and death traps? How is this news in a nation where the rich continually steal and deprive the poor? Where menof 40 are still single, because of the fear of the financial implication of raising a family, How is this news in a nation where it is more profitable to slaythan to be industrious?where we pray more than we work, and ask God to help us root out evil leaders, while we sit and look,Where a youth demands accountability, and is locked up, and other youths debate about his tribe rather than his passion, how is this news where scores are killed daily by ritualists, book haram, robbers, and all vices,but it becomes a national debate when a law maker is harrased in a far away land! How is this newswhere majority of our people are dillusioned, accepted poverty as a way of life, lack, as Gods will, we must rise up someday and begin to make what counts matter,

All these cryptic methods in embezzling our national cake.