The Central Bank of Nigeria (CBN) on Monday injected another 195 million dollars into the Foreign Exchange (Forex) market.
Mr Isaac Okorafor, Acting Director in charge of Corporate Communications, CBN, said this in a statement in Abuja.
Okorafor reiterated that the intervention was in line with the CBN’s commitment to sustaining liquidity in the market to meet genuine request as well as deepen flexibility in the forex market.
He said 100 million dollars was offered in wholesale auction at the interbank market while the Small and Medium Enterprises (SMEs) and invisible segments were offered 50 million and 45 million dollars respectively.
The development followed a major intervention on July 28 by the CBN.
About 100 million dollars was offered for whole sale intervention, 50 million dollars for SMEs while 45 million dollars was…
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