CBN injects $15.3bn to stabilise naira

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The Central Bank of Nigeria injected $15.3bn into the economy to stabilise the value of the naira from January to October, 2022.

“However, interbank/invisibles and SMIS windows, increased by 5.3 per cent and 14.7 per cent to $0.48bn and $2.05bn, compared with the amounts in the preceding quarter.”

In the third quarter of 2022, it stated, “Total foreign exchange sales to authorised dealers by the Bank decreased in the review period. Foreign exchange sales at $4.18bn, decreased by 13.1 per cent, below the level in the preceding quarter. However, the CBN added that sales at the Small and Medium Enterprises and interbank/invisibles windows increased by 32.4 per cent and 10.0 per cent to $0.46bn and $0.53bn, respectively, relative to the levels in the preceding quarter.

Source: Financial Digest (financialdigest.net)

 

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Lies upon lies.. Why can't the sharing formula be stated here.. Continue.

Malmo don finally clear way for Eme return , welcome back Chief 😂😂😂😂😂😂 Hope u learn some valuable lessons this short while

This man supposed to be jails for High Naira exchange to a dollars. A Naira can be pig at certain amounts , Let say N200 per Dollars. What is rising is Dollars, we didnt know, and let nobody told you, that Nigeria is not export, What of Oman.

Money wey dem go share sharp sharp…

😂😂

We're dying of Hunger in this Country😥 I don't even have wat to eat self this morning😥🚶

Emefiele the Stabilizer

Oh!!! Them Don go borrow money again!!! 🤦🤦

Mad people everywhere all hail Biafra 2023

And we the citizens are suffering in this country.

Again?

Omo

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