Stella Ojekwe-Onyejeli, the Executive Director and Chief Risk Officer at NSIA, disclosed this at a virtual news briefing on Friday in Abuja.
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The apex bank gave the explanation in a statement on Thursday in response to the stories making the round on the impending devaluation of the Naira
The Central Bank of Nigeria on Friday made interventions in the Retail Secondary Market Intervention Sales of the Foreign Exchange market totaling $271.83 million and CNY41.14 million.
The Minister of Transportation, Rotimi Amaechi, says the new Nigerian Ports Authority Simulation Centre will help conserve foreign exchange expended on manpower training overseas.
The Central Bank of Nigeria has again made interventions in the Retail Secondary Market Intervention Sales of the Foreign Exchange market totaling $279.13 million and CNY 46.92.
The Central Bank of Nigeria has continued its intervention in the inter-bank sector of the Foreign Exchange market by injecting another sum of $210 million into the forex market.
The Central Bank of Nigeria says the aggregate foreign exchange inflow into the country stood at $91 billion in 2017.
In a statement on Tuesday in Abuja, he said 100 million dollars was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got 55 million dollars.
According to him, the bank, in its desire to meet customers’ needs, offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment got 55 million dollars.
Osinbajo said this at the graduation of NCS officers from the Senior Division Course O1, on Thursday at Nigeria Customs Command and Staff College, Gwagwalada, FCT Abuja.
A statement from the CBN acting Director, Corporate Communications, Isaac Okorafor, on Sunday indicated that the new directive would allow eligible travellers more access to foreign exchange and allow more liquidity to the market.
A statement by Isaac Okorafor, Acting Director, Corporate Communications Department, in Abuja on Wednesday, said the intervention was to enable market operators meet the requests of customers.
The Acting Director, Corporate Communications Department, CBN, Isaac Okoroafor in a statement, said that the move would ensure the continuous availability of foreign exchange to customers.
The Acting Director, Corporate Communications, Isaac Okoroafor, in a statement on Monday in Abuja, said that 100 million dollars was allocated to authorised dealers in the wholesale segment of the market.
According to figures released by the Bank, the CBN offered $100 million to authorized dealers in the wholesale segment of the market, while the Small and Medium Scale Enterprises segment received the sum of $55 million.
A breakdown of the Bank’s latest round of intervention indicated that the CBN offered the sum of $100 million to dealers in the wholesale window, while those in the Small and Medium Enterprises window received an allocation of $55 million.
Figures obtained from the Bank on Friday indicated that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors
Figures obtained from the Bank on Friday indicate that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors
Figures obtained from the Bank indicated that the sum, as in previous interventions, were in favour of interests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.
According to figures obtained from the Bank, Tuesday’s interventions were for the Wholesale, Small and Medium Enterprises and invisibles segments of the market.