The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN), following transactions concluded today, August 6.Figures obtained from the CBN indicated that the bank offered $100 million to authorized dealers in the wholesale sector of the market, while the Small and Medium Enterprises (SMEs) and the invisibles segments were allocated the sum of $55 million each.
The Director in the Corporate Communications of the apex bank, Isaac Okorafor expressed the bank’s management satisfaction with the prevailing stability in the Nigerian foreign exchange market.
According to him, the bank is ever committed to continue with boosting interbank foreign exchange market to ensure stability and availability to meet customers’ demand.
At the last bank intervention, the sum of $284.2 million and CNY36 million were injected into the Retail Secondary Market Intervention Sales (SMIS) and on the spot and short tenured forwards segments of the foreign exchange market.
Meanwhile, the Naira exchange at an average of N358/$1 in the BDC segment of the market today, August 6.
