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NewsROYAL FM BROADCAST NEWS

CBN offers $100m forex for corporate customers

written by Samuel Etuk March 24, 2017
CBN offers $100m forex for corporate customers

The Central Bank of Nigeria (CBN) on Thursday offered the sum of $100 million to meet the requests of wholesale corporate customers.

CBN Governor, Godwin Emefiele, at the post-Monetary Policy Committee briefing had assured that the Bank will sustain its forex intervention in the interbank market.

Acting Director of Corporate Communications at the CBN, Isaac Okorafor who disclosed this said that $91 million was taken.

He also said the dealers will have value for their respective bids on Friday, March 24, 2017.

He added that while the highest and marginal bid rates were N330/$1 and N320/$1, respectively, Okorafor said no intervention was made by the Bank to meet requests for invisibles on Thursday.

 

 

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Samuel Etuk

Passionate unapologetic Nigerian, highly spontaneous, web content writer cum social media strategist, gidi hustler and Akwa-ibomite in diaspora

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