Central Bank of Nigeria (CBN) has injected $210m into
the Foreign Exchange Market (Forex) to meet customers’ requests in
various segments, says acting Director, Corporate
Communications, Mr Isaac Okorafor.
In a statement released in Abuja, he said $100m was
allotted to authorised dealers in the wholesale segment of the market,
while the Small and Medium Enterprises (SMEs) segment got
Okorafor notes that according to the bank’s figures, customers
requesting foreign exchange for invisibles such as tuition fees,
medical payments and Basic Travel Allowance (BTA), among others, are
also allocated 55 million dollars.
He recalled that the bank, on Thursday, intervened with 210 million
dollars to cater for requests in the wholesale segment of the Forex
Meanwhile, the Naira continued its stability in the foreign exchange
market, exchanging at an average of N360 per dollar in the Bureau De
Change (BDC) segment of the market.