CBN Pumps $210m Into Forex Market

The Central Bank of Nigeria (CBN) on Tuesday boosted the inter-bank Foreign Exchange Market with 210 million dollars, to sustain liquidity.

The apex bank’s acting Director of Corporate Communications, Isaac Okorafor, said the CBN offered 100 million dollars to authorised dealers at the wholesale segment of the market.

According to him, the Small and Medium Enterprises segment received 55 million dollars, while customers requiring foreign currencies for tuition, medical payments and travels were allocated 55 million dollars.

Okorafor said the CBN would continue to intervene in the inter-bank foreign exchange market in line with its desire to sustain liquidity in the market and maintain stability.





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