ADVERTISEMENT

Forex: CBN injects $327m, CNY69m into retail SMIS

The Central Bank of Nigeria (CBN), yesterday injected $327million into the interbank retail Secondary Market Intervention Sales (SMIS). 

ADVERTISEMENT

This is in addition to the sale of CNY69million in the spot and short-tenored forwards.    

The figures released by the CBN showed that the US dollar-denominated interventions were only for concerns in the agricultural and raw materials sectors. 

ADVERTISEMENT

Mr. Isaac Okorafor, the Acting Director, Corporate Communications at the CBN, said that the exercise which was in tune with the apex bank’s guidelines, were for the payment of Renminbi denominated Letters of Credit for agriculture as well as raw materials.


Share this article

BREAKTHROUGH NATURAL CURE FOR PROSTATE ISSUES IN JUST 15 DAYS!!! You Can Prevent PROSTATE CANCER!!!

Your PROSTATE ENLARGEMENT Is REVERSIBLE!!! Don't Let It Threaten You!

To SHRINK And NORMALIZE Your PROSTATE Within 15 Days Without Surgery Or Chemical Drugs, Click Here!!!

Join us on


Send DTM to 4900 (MTN) or DTM to 655 (Etisalat) for regular updates and more

Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com Or use this form

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.