Abuja – The Central Bank of Nigeria (CBN), on Monday injected 210 million dollars into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
The Acting Director, Corporate Communications Department, CBN, Mr Isaac Okoroafor in a statement said that the move would ensure the continuous availability of foreign exchange to customers.
Giving a breakdown, Okoroafor said that the bank offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received 55 million dollars.
He said also that customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated 55 million dollars.
Okoroafor reassured the public that the bank would continue to intervene…
Read More…..Vanguard Newspaper
