Apex bank injects fresh $210m into foreign exchange market

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The Central Bank of Nigeria (CBN) has injected another 210 million dollars into the inter-bank Foreign Exchange Market to meet customers’ requests in various segments.

Giving a breakdown of the intervention, the bank’s acting Director, Corporate Communications, Mr Isaac Okorafor on Monday in Abuja said that 100 million dollars was offered to authorised dealers in the wholesale segment of the market.

He said that the Small and Medium Enterprises (SMEs) segment received the sum of 55 million dollars.

Also, customers requiring foreign exchange for tuition fees, medical payments and Basic Travel Allowance (BTA), among others were allocated the sum of 55 million dollars.

Okorafor said also that bidders who made bids in the wholesale window would receive value for the bids on Tuesday.

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He reassured the public…



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