CBN-Office-AbujaThe Central Bank of Nigeria (CBN), in continuation of its intervention in the foreign exchange market, has injected another sum of $210 million to boost sales in the inter-bank segment of the market.
In the sales conducted yesterday, Monday, and consummated today, Tuesday, the apex bank offered $100 million to authorized dealers in the wholesale segment of the market in the Tuesday Sales, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million.
The sum of $55 million was also allotted to the invisibles window to meet needs for tuition fees, medical payments and Basic Travel Allowance (BTA).
The Director in the Corporate Communications Department of the bank, Isaac Okorafor, confirmed the development and assured that the bank will continue to ensure liquidity of foreign exchange to meet the demand of customers, particularly during the yuletide.
It was only last week Tuesday, December 4, that the apex bank injected the sum of $210 into the inter-bank foreign exchange market.
Meanwhile, the Naira has continued to exchange at an average of N362/$1 in the Bureau De Change (BDC) segment of the market as at today.
