The Central Bank of Nigeria (CBN) has again intervened in the Retail Secondary Market Intervention Sales (SMIS), pumping in the tune of $321.4 million.
It was learnt that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.
The Acting Director in the Corporate Communications of the apex bank, Isaac Okorafor confirmed the figures, saying that the continued intervention were in line with the assurances made by the Governor, Godwin Emefiele, to sustain market liquidity in order to boost production and trade and maintain stability in the forex market.
Okorafor assured that the CBN remains committed to ensuring that all the sectors continue to enjoy access to the foreign exchange required for the business concerns.
It will be recalled that the CBN in its last SMIS, earlier in February, injected the sum of $325.64 million in the inter-bank Foreign Exchange Market.
Meanwhile, the naira exchanged at N361/$1 in the BDC segment of the market today, Friday.
