• Advert Rate
Wednesday, February 8, 2023
  • Login
TVC News
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy
No Result
View All Result
TVC News
No Result
View All Result

CBN clarifies forex intervention move

CBN clarifies forex intervention move

Image result for CBN clarifies forex intervention moveThe Central Bank of Nigeria on Thursday said that its current intervention in the foreign exchange market was purely to ease the pressure on the naira and had nothing to do with succumbing to blackmail from some quarters.

CBN Acting Director, Corporate Communications Department, Isaac Okoroafor stated this while reacting to some trending posts in the social media to the effect that the current appreciation of the naira was as a result of the alarm raised about the illegal sale of forex at ridiculous rates to some people.

Okoroafor explained that there is no relationship between the allegations that dollar was being sold at 61 kobo and the current appreciation of the naira.

Advertisement

According to him, CBN has done its intelligence work on the market and came to realise that much of what was driving the demand at the Bureau De Change and parallel market was speculation.

The apex bank spokesperson noted that since the new forex policy, the CBN had intervened with over $500m in the market, which had led to the naira gaining strength.

Advertisement
Next Post

Eurozone February inflation hits ECB's 2.0% target

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube player

Health

Vaccines not easily accessible to African countries in cases of Cholera outbreaks

Cholera outbreaks: African countries lack immediate access to vaccines-CDC

by tvcnews
February 4, 2023
0

According to Africa's public health organistion, countries dealing with fatal cholera epidemics on the continent do not have "rapid access"...

FG embarks on cervical self-test awareness campaign to prevent disease

FG embarks on cervical self-test awareness campaign to prevent disease

by tvcnews
January 23, 2023
0

  The government of the United States is backing the federal government's interest in having women and girls have cervical...

FG establishes Wellness Centre For Civil Servants

FG establishes Wellness Centre For Civil Servants

by tvcnews
January 23, 2023
0

  The federal government has established a Wellness Center for Federal Civil Servants in an effort to reduce preventable medical...

Government not doing enough in deploying health services-Consultant

Government not doing enough in deploying health services-Consultant

by tvcnews
January 23, 2023
0

  A Public Health Consultant, Tuyi Mebawondu says Nigeria's policy cannot be based on luck. He stated this on the...

Kogi emerges best performing state in Primary healthcare delivery

Kogi emerges best performing state in World bank’s Anrin Project

by tvcnewsng
January 23, 2023
0

Kogi State has emerged the Best Performing State in the World Bank-supported Accelerating Nutrition Results in Nigeria (ANRiN) project, outshining...

TRENDING

Naira swap: Supreme Court restrains CBN from implementing February 10 deadline
Nigeria News

Naira swap: Supreme Court restrains CBN from implementing February 10 deadline

by tvcnews
February 8, 2023
0

The Supreme Court of Nigeria has restrained the Federal Government from implementing the February 10 Deadline of the old 200,...

Read more
Lagos APC suspends campaign over petrol, cash scarcity
#Election2023

Lagos APC suspends campaign over petrol, cash scarcity

by tvcnews
February 8, 2023
0

The Lagos State Chapter of All Progressives Congress has suspended its campaign towards the forth-coming elections. According to a release...

Read more
Afrobeat Singer Tems
Entertainment News

2023 Grammy Awards: Buhari Congratulates Tems, thanks creative industry

by tvcnews
February 8, 2023
0

President Muhammadu Buhari has congratulated Tems, an Afrobeat singer, on winning the 'Best Melodic Rap Performance' category at the 2023...

Read more
Load More
Nigeria News

We bring you all the latest and breaking news happening in Nigeria. You will also find interesting headline topics from news from around the world on different topical issues in Politics, Health, Business, Entertainment, Environment, Sports, and more.

Follow Us

  • HOME
  • Privacy & Policy
  • ADVERT RATE
  • Contact

© 2022 TVC Communications - Owner of TVC News

No Result
View All Result
  • NEWS
    • Politics
      • World News
    • Business
    • Sport
    • Entertainment
    • Health
  • Election 2023
  • Journalist Hangout
  • Issue With Jide
  • Trending Video
  • More
    • Advert Rate
    • Contact Us
    • Privacy Policy
    • Cookies Policy

© 2022 TVC Communications - Owner of TVC News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In