The Central Bank of Nigeria (CBN) yesterday disclosed it has released $262.5 million for its first retail Secondary Market Intervention Sales (SMIS) for 2018. The inter-bank foreign exchange intervention was contained in a statement released in Abuja yesterday. The money was in favour of the agricultural, airlines, petroleum products and raw materials and machinery sectors. […]
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In line with naira sustenance programme, the Central Bank of Nigeria (CBN) yesterday injected $254.3 million into the retail segment of the Nigerian inter-bank foreign exchange market. Information obtained from the CBN, yesterday, indicated that the deals in the retail window represent requests from the various sectors in the Secondary Market Intervention Sales (SMIS), thereby […]
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As Central Bank of Nigeria (CBN) injected $240 million to the Retail Secondary Market Intervention Sales (SMIS) last Friday, its series of injection into the foreign exchange(forex) market may have hit $6.38billion. Analysis shows that since February 21, when the apex bank’s interventions began, up to the last Friday that preceded the Eid-al-Fitr holiday, CBN […]
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The Central Bank of Nigeria (CBN) yesterday injected $186.5million into the invisible and the whole Wholesale Secondary Market Intervention Sales (SMIS) segments of the forex market. This is made up of $36.5 million in the invisibles, $50 million for Small and Medium Enterprises (SMEs) segments and $100 million in the wholesale segment. The CBN also […]
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