{"id":457151,"date":"2018-01-23T14:42:27","date_gmt":"2018-01-23T14:42:27","guid":{"rendered":"https:\/\/www.financialafrik.com\/?p=457151"},"modified":"2018-01-23T14:42:27","modified_gmt":"2018-01-23T14:42:27","slug":"nigeria-central-bank-injects-210-million-into-foreign-exchange-market","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/01\/23\/nigeria-central-bank-injects-210-million-into-foreign-exchange-market\/","title":{"rendered":"Nigeria: Central Bank injects 210 million into foreign exchange market"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The central bank of Nigeria announced on Monday 22 January to have injected 210 million dollars into the Nigerian interbank foreign exchange market. This umpteenth action by the institution tends to increase liquidity and alleviate dollar shortages.<\/p>\n<p>Note that the bank has unlocked 100 million for the wholesale market, 55 million for small businesses and individuals, and 55 million for some expenses in dollars such as tuition and medical expenses.<\/p>\n<p>The declared will of the institution is to reduce the country&#8217;s import bills and stop the growth of its foreign exchange reserves.<\/p>\n<p>The figures obtained yesterday from the bank indicate that customers needing foreign currency for invisible items such as tuition fees, medical expenses and basic travel allowance (BTA), among others, were allocated 55 million of dollars.<\/p>\n<p>On Monday, January 22, the indicative exchange rate rose to 360.67 naira per dollar, against N360.1 per dollar recorded last week. A depreciation caused by a decline in 30% of the volume of dollars traded in the wicket, which fell to 273,94 million, against 392,15 million traded last week on Friday.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The central bank of Nigeria announced on Monday 22 January to have injected 210 million dollars into the Nigerian interbank foreign exchange market. This umpteenth action by the institution tends to increase liquidity and alleviate dollar shortages. Note that the bank has unlocked 100 million for the wholesale market, 55 million for small businesses and<\/p>\n","protected":false},"author":527297,"featured_media":457124,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12008],"tags":[13392,13390,12120],"class_list":{"0":"post-457151","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-stock-exchanges","8":"tag-central-bank-en","9":"tag-exchange-market","10":"tag-nigeria-en","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Central Bank injects 210 million into foreign exchange market - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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