The Central Bank of Nigeria has injected $242.04 million into the retail Secondary Market Intervention Sales and 32.3million chinese yuan in the spot and short tenured forwards segment of the inter-bank foreign market.
The Director, Corporate Communications Department CBN, Isaac Okorafor made this known .
Mister Okorafor adds that the intervention was for requests in the agricultural and raw materials sectors while the Chinese Yuan was for Renminbi-denominated Letters of Credit.
He said with improved inflow of foreign exchange, the exchange rate had remained stable around N360 per dollar.
The Apex Bank Management would remain committed to ensure all the sectors of the forex market enjoy access to the needed foreign exchange.
