The Central Bank of Nigeria has again injected $294.7 million in the retail Secondary Market Intervention Sales .
And the bank also offered the sum of 31.43 million Chinese yuan in the spot and short-tenored segment of the inter-bank foreign exchange market.
The Director, Corporate Communications Department, CBN, Isaac Okorafor, disclosed that the United States’ dollar intervention was for requests in the agricultural and raw materials sectors while the Chinese Yuan was for Renminbi-denominated Letters of Credit.
Mister Okorafor adds that the market is stable due to regular interventions by the Bank
