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CBN injects $195m into foreign exchange market

CBN injects $195m into foreign exchange market

Following its 800 million dollars intervention in the inter-bank Foreign Exchange (FOREX) Market last week, the Central Bank of Nigeria (CBN), on Monday, injected 195 million dollars into the market to meet the requests of customers in the various segments of the market.

CBN to mop up N200bn with special TBs as Naira stable at N364/$

CBN to mop up N200bn with special TBs as Naira stable at N364/$

The Central Bank of Nigeria (CBN) yesterday said that it will issue special treasury bills today to mop up N200 billion from the banking system in order to further rein in inflation. Meanwhile the naira remained stable at N364 per dollar in the parallel market.