Figures obtained from the CBN today, June 18, indicated that authorized dealers in the wholesale segment of the market were offered the sum of $100million, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million.
The sum of $55 million was allocated to customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.
The Director in the Corporate Communications Department of the apex bank, Isaac Okorafor said that the effort of the bank has continued to stabilize the foreign exchange market, adding that such effort has sustained the level of confidence investors and the public had in the Naira.
It will be recalled that at the last intervention on June 14, the bank injected the sum of $256.4 million and CNY37.4 million into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira exchanged at an average of N362/$1 in the BDC segment of the market today.
