CBN increases forex sales by N4bn

The Central Bank of Nigeria (CBN) on Wednesday increased its forex by 25.73 million dollars (about N4 billion) worth of foreign exchange at its 31st bi-monthly Wholesale Dutch Auction System (WDAS).

The apex bank disclosed this on its Website, released after the WDAS trading.

The CBN sold 272.25 million dollars (N42.19 billion) as against the 246.52 million dollars (N38.21 billion) sold on April 22.

The CBN had not gone above selling 300 million dollars weekly since the beginning of the month.

According to the bank, the naira maintained its appreciation against the dollar at the auction, trading at N155.75 to the dollar.

It said that 19 banks participated at the bi-weekly WDAS auction as against 18 banks that traded in the auction on April 22.

Comments

Post a Comment

Popular posts from this blog

Over 92 Vehicles Impounded as Akerele Leads Taskforce Team to Clear Oshodi Highways

Image
. Some of the vehicles impounded . CSP Adetayo Akerele, centre, and his enforcement team Operatives of the Lagos State Taskforce led by their new Chairman, CSP Adetayo Akerele on Saturday impounded over 92 vehicles parked indiscriminately along the highways and picking up passengers at undesignated bus stops, causing serious impediments to traffic flow and pedestrian movement in Oshodi area of the state. Akerele who was the former second in command of the Agency demonstrated clearly that he knows the job and the terrain. “This is no longer business as usual. Parking vehicles along the expressway which is meant to serve the entire populace is completely selfish and irresponsible. There is a new sheriff in town and I will make sure Lagosians are no longer shortchanged by commercial bus operators and selfish private vehicle owners”, he said.  CSP Akerele while carrying out a tour of Oshodi and environs decried the manner in which road side traders displayed their goods on the kerb and wal
Read more

Children’s Day: Nigeria's First Lady Appeals For More Love, Care And Compassion For Children

Image
       (In the middle) Wife of Vice President Hajia Nana Shettima, First Lady of Nigeria Senator Oluremi Tinubu with representatives of the schools that participated at the special event tagged Celebrating with Our Children with the theme, Our Children, Our Future after being presented with N10m cheques for their schools. The event was held in commemoration of the 1st anniversary of the President Bola Tinubu Administration on Monday 27th May, 2024   * To launch young farmers club in public schools  Nigeria's First Lady, Senator Oluremi Tinubu has described children as sources of immense joy who need to be given more love, care and compassion by parents and guardians. She was speaking at the special Children’s Day celebration tagged Celebrating with our Children, with the theme, Our Children, Our Future, in commemoration of the First Anniversary of the administration of President Bola Ahmed Tinubu at the State House, Abuja. The First Lady encouraged the children to nurture their cur
Read more

Jude Chiemeka's appointment as NGX CEO will deepen market growth - Professional Group

Image
    . The Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX), Jude Chiemeka The appointment of Jude Chiemeka as the Chief Executive Officer (CEO) of the Nigerian Exchange Limited (NGX) has continued to generate widespread acclaim from industry professionals, who believe his extensive experience and proven leadership qualities will drive NGX towards sustained success. Chiemeka, a seasoned executive with a robust background in finance and management, brings over 30 years of professional experience in securities trading, asset management, and investment banking across African markets. He joined the Nigerian Stock Exchange as the Divisional Head of Trading Business in February 2019 and became the Divisional Head of Capital Markets in 2021. Before his current position, he was the Executive Director of Capital Markets at NGX. As Chiemeka steps into his new role, the Securities and Investment Empowerment Network (SIEN), a prominent professional group in the finance sector, h
Read more