The Central Bank of Nigeria has intervened in the interbank sector of the foreign Exchange market, injecting $210 million into the wholesale segment and other sectors of the market.
Figures released by the Bank indicated that the wholesale sector of the market got another injection of $100 million, while the small and medium enterprises (SMEs) and invisibles sectors each received $55 million.
The Director, Corporate Communications Department at the CBN, Isaac Okorafor, says continuous interventions is aimed at sustaining the high level of stability in the Forex market.
