CBN injects $210m into Forex market

Image result for CBN injects $210m into Forex marketThe Central Bank of Nigeria has injected another sum of $210 million into the interbank foreign exchange market.

The apex bank said it offered $100 million to authorised dealers in the wholesale segment of the market, while SMEs received the sum of $55 million.


Figures released further indicate that customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance among others, were also allocated the sum of $55 million.

CBN acting Director, Corporate Communications Department, Isaac Okorafor, says the Bank would continue to intervene in the interbank foreign exchange market to sustain liquidity in the market and maintain stability.

ding GIF

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