CBN Injects $210m Into Forex Market

The Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars to meet customers’ requests in various segments of the foreign exchange market.

The acting Director, Corporate Communications, CBN, Mr Isaac Okorafor in a statement in Abuja said the bank offered 100 million dollars to authorised dealers in the wholesale segment of the market.

He said that the Small and Medium Enterprises (SMEs) segment got 55 million dollars, while another 55 million dollars was allocated for tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

Okorafor reiterated the bank’s commitment to continue to intervene in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.