By Chioma Obinagwam
Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has injected the sum of $210 million into Nigerian Inter-Bank Foreign Exchange (Forex) market following Tuesday’s transactions.
The bank’s Director, Corporate Communications Department, Isaac Okorafor, disclosed in a statement in Abuja on Tuesday.
Okorafor explained that the figure released by CBN showed that the bank offered $100 million to authorised dealers in the wholesale sector of the market.
He said the Small and Medium Enterprise in addition to the invisible segments were allocated the sum of $55 million each.
He further stated that the management of the apex bank remained particularly pleased with the prevailing stability in the Nigerian foreign exchange market.
The director reaffirmed the bank’s commitment to continue to boost the inter bank foreign exchange market, to ensure stability and availability to meet customers demand.
Meanwhile, the Naira on Tuesday exchanged at an average of N358 to a dollar in the Bureau De Change segment of the market.
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