{"id":5872,"date":"2024-07-27T12:30:18","date_gmt":"2024-07-27T12:30:18","guid":{"rendered":"https:\/\/peoplesforumonline.com.ng\/about\/?p=5872"},"modified":"2024-07-27T12:30:18","modified_gmt":"2024-07-27T12:30:18","slug":"148-million-sold-to-29-authorized-fx-dealers","status":"publish","type":"post","link":"https:\/\/peoplesforumonline.com.ng\/about\/2024\/07\/27\/148-million-sold-to-29-authorized-fx-dealers\/","title":{"rendered":"$148 Million Sold to 29 Authorized FX Dealers"},"content":{"rendered":"<p>The Central Bank of Nigeria (CBN) has said that it sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market.<\/p>\n<p>According to the CBN acting Director, Corporate Communications Department, Hakama Sidi-Ali, the transactions were conducted on Monday and Tuesday to provide liquidity to the FX market.<\/p>\n<p>Ms Sidi-Ali, disclosed that the CBN sold FX to 29 authorised dealer banks at exchange rates between N1,470 to one dollar and N1,510 to one dollar.<\/p>\n<p>Ms Sidi-Ali reiterated the commitment of the CBN Governor, Yemi Cardoso, to stabilising the foreign exchange market.<\/p>\n<p>According to her, Mr Cardoso assured that the CBN will continue to address the FX supply gap to ensure market stability.<\/p>\n<p>Recall that the CBN also sold a total of $106.5 million to 29 authorised dealer banks at rates between N1,498 and N1,530 to one dollar.<\/p>\n<p>(NAN)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Bank of Nigeria (CBN) has said that it sold a cumulative amount of $148 million to authorised dealers in the Nigerian Foreign Exchange Market. According to the CBN acting Director, Corporate Communications Department, Hakama Sidi-Ali, the transactions were conducted on Monday and Tuesday to provide liquidity to the FX market. Ms Sidi-Ali, disclosed [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5873,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/5872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/comments?post=5872"}],"version-history":[{"count":1,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/5872\/revisions"}],"predecessor-version":[{"id":5874,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/posts\/5872\/revisions\/5874"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media\/5873"}],"wp:attachment":[{"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/media?parent=5872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/categories?post=5872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/peoplesforumonline.com.ng\/about\/wp-json\/wp\/v2\/tags?post=5872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}