The Central Bank of Nigeria has injected another $195m into the inter-bank foreign exchange market to ensure forex liquidity.
The released figures by the bank on Tuesday showed that it offered the total sum of $100m to the wholesale segment, while the Small and Medium-scale Enterprises segment received the sum of $50m.
The invisibles segment comprising tuition, medical payments and basic travel allowance received $45m.
Acting Director, Corporate Communications, Mr. Isaac Okorafor, disclosed that the intervention was in line with the CBN’s commitment to continue to ensure forex liquidity and meet legitimate demand.
Okorafor expressed confidence that the CBN would continue to intervene in the nation’s forex market in order to sustain the liquidity in the market and guarantee the international value of the naira.
Meanwhile, the naira closed at 360/$1 in the BDC segment of the market on Tuesday. It, however, closed at 363/dollar at the parallel market.
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