{"id":464690,"date":"2019-02-08T14:39:45","date_gmt":"2019-02-08T13:39:45","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=464690"},"modified":"2019-02-08T14:39:45","modified_gmt":"2019-02-08T13:39:45","slug":"nigeria-central-bank-injects-210-million-into-the-interbank-market","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2019\/02\/08\/nigeria-central-bank-injects-210-million-into-the-interbank-market\/","title":{"rendered":"Nigeria: Central Bank injects $ 210 million into the interbank market"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>The Central Bank of Nigeria (CBN) injected on Tuesday, January 29, 210 million USD on the interbank foreign exchange market to generate stability.<\/p>\n<p>According to a statement released for the occasion, the sum is split between authorized dealers in the wholesale segment of the market ($ 100 million) and small and medium-sized enterprises and invisible segments with each $ 55 million.<\/p>\n<p>It should be recalled that the bank also injected on January 25, 2019, a total of $ 289.76 million in secondary market retail sales (SMIS) and $ 5.8 million on the spot market as well as short-term forward exchange contracts between banks.<\/p>\n<p>The CBN also reported in a semi-annual report of 2018 that it has increased the frequency of currency cash sales to the Foreign Exchange Bureau (BDC) market two to three times a week. Note that the naira has sold 360 nairas for one dollar.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) injected on Tuesday, January 29, 210 million USD on the interbank foreign exchange market to generate stability. According to a statement released for the occasion, the sum is split between authorized dealers in the wholesale segment of the market ($ 100 million) and small and medium-sized enterprises and invisible<\/p>\n","protected":false},"author":527297,"featured_media":464694,"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":[12000,11996],"tags":[292,315,15812,38],"class_list":{"0":"post-464690","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-cbn","10":"tag-central-bank","11":"tag-godwin-emefiele","12":"tag-nigeria","13":"post_format-post-format-aside","14":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nigeria: Central Bank injects $ 210 million into the interbank 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. 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