The Central Bank of Nigeria (CBN), on Wednesday, injected $210 million into the Inter-bank Foreign Exchange Market in continuation of its efforts to sustain liquidity in the market.
Its Acting Director, Corporate Communications, Mr. Isaac Okorafor, disclosed in a statement that the apex bank offered $100 million to authorised dealers in the wholesale segment of the market.
He said the Small and Medium Scale Enterprises (SMEs) segment received $55 million, while $55 million was apportioned to invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA).
Okorafor urged Deposit Money Banks to continue to honour requests from customers with genuine needs, noting that the CBN would continue to sustain liquidity in the foreign exchange market.
Meanwhile, the Naira continued to maintain stability in the foreign exchange market, exchanging at an average of N362 to a dollar at the Bureau De Change segment of the market.