The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange (Forex) market, has injected 195 million dollars into various segments of the inter-bank foreign exchange market.
The acting Director, Corporate Communications, Isaac Okorafor in a statement on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale window.
Similarly the Small and Medium Enterprises
(SMEs) window was allocated the sum of 50
million dollars.
Also, those seeking forex for the purpose of
business and personal travel, tuition and medical bills, among other invisibles, received the sum of 45 million dollars.
Okorafor said that the Bank's continued
intervention was aimed at strengthening the
international value of the Naira, while ensuring
accessibility to the greenback by customers
who required it for genuine purposes.
The CBN in the last round of forex intervention in the inter-bank market on June 28, injected $195million to the wholesale, SMEs and invisibles segments of the market.
Recall that the Naira on Monday slightly
appreciated against the dollar at the parallel
market.
Naira gained two points to exchange at N365
to the dollar.
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