The Central Bank of Nigeria has intervened in the inter-bank foreign exchange market with the injection of another $195m.....
Figures released 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 invisible's segment comprising tuition, medical payments and basic travel allowance received $45m.
The bank’s acting Director, Corporate
Communications, Mr. Isaac Okorafor, confirmed the figures, noting that
the intervention was in line with the CBN’s commitment to continue to
ensure forex liquidity and meet legitimate demand.
Okorafor maintained 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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