Follow Naijacrux on twitter .follow us on Twitter www.twitter.com/naijacruxonline, or @naijacruxonline or search for naijacruxonline on twitter!!Like us on facebook .Like us at www.facebook.com/Naijacruxforum.Click Here To Last longer In Bed[Stay amused>>>Donít be a one minute Foul]>>> Love need Tips-See how Here


Author Topic: Naira closes at N362 as CBN Pumps In $547m in one week  (Read 1003 times)

0 Members and 1 Guest are viewing this topic.

Offline lindaikeji

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 731
  • Karma: +0/-0
Naira closes at N362 as CBN Pumps In $547m in one week
« on: September 01, 2017, 09:07:02 AM »
Loading...


In anticipation of Sallah holiday, the Central Bank of Nigeria on Thursday raised the total intervention for the week to 547 million dollars as against 195 million dollars offered the previous week.


The CBN spokesman, Mr Isaac Okorafor in a statement in Abuja, said that the intervention would uplift the Naira exchange rate, boost liquidity in the forex market and ensure timely execution and settlement of eligible transactions.

Okorafor, also expressed confidence that the interventions would continue to guarantee stability in the market and ensure availability to individuals and business concerns with genuine demand for Forex transactions.

Meanwhile, the Naira on Thursday closed at N362 to a dollar as supply by CBN improves. This is a far improvement over the N370 it was selling earlier in the week.

Also, the Pound Sterling and the Euro have maintained their strength against the Naira, exchanging at N462 and N428 respectively.



 

Nigerian Naira Falls To 360 As Dollar Demand Rises due to Fuel Subsidy removal

Started by mastercode

Replies: 0
Views: 755
Last post May 16, 2016, 01:53:01 AM
by mastercode
Lagos State is in 1 trillion naira debt - Femi Fani-Kayode

Started by admin

Replies: 0
Views: 1114
Last post September 13, 2014, 11:33:59 AM
by admin
Naira strengthens against dollar, gains N10 - Worse trends in Nigeria History

Started by mastercode

Replies: 0
Views: 630
Last post December 18, 2015, 08:48:15 PM
by mastercode
Nigerian Naira suffers again , Falls To N345/$ Per Dollar In Parallel Market

Started by legendguru

Replies: 0
Views: 758
Last post February 16, 2016, 12:43:19 PM
by legendguru
Nigeria CBN To Devalue Naira Again, As Currency Slumps To N213 To A Dollar

Started by mastercode

Replies: 0
Views: 989
Last post February 17, 2015, 06:36:01 PM
by mastercode
Economists urges President Buhari to resist devaluation of the naira

Started by internet police

Replies: 0
Views: 890
Last post November 14, 2015, 07:30:09 PM
by internet police
Nigerian FG move to devalue Naira after removing fuel subsidy

Started by admin

Replies: 0
Views: 790
Last post May 12, 2016, 06:15:43 PM
by admin
Nigerian Naira Appreciates against dollars At 253/$ As Interbank Market Opens

Started by internet police

Replies: 0
Views: 706
Last post June 22, 2016, 01:21:38 AM
by internet police
Nigerian Senate probes scarcity of lower naira denominations

Started by lindaikeji

Replies: 0
Views: 827
Last post February 14, 2018, 12:43:52 AM
by lindaikeji
CBN devalues naira, raises interest rate to 13 per cent

Started by jchima14

Replies: 0
Views: 823
Last post November 25, 2014, 11:58:06 PM
by jchima14