CBN injects $287.89 million into currency market

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Godwin Emefiele, CBN governor

The Central Bank of Nigeria, CBN said on Friday that it has injected $287.89 million into currency market to meet requests in four industries for dollars, extending efforts to boost liquidity and alleviate shortages.

The four industries targeted are agriculture, airlines, petroleum and raw materials, the Central Bank of Nigeria said in a statement.

The CBN said it would continue to intervene in order to drive growth in the economy and guarantee stability in the currency market, Reuters reports.

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