The Central Bank of Nigeria (CBN) has again boosted the retail Secondary Market Intervention Sales (SMIS) with $343.06 million injection.
Figures obtained from the bank on Thursday indicated that the amount released was for requests in the agricultural, airlines, petroleum products and raw materials and machinery sectors.
Acting Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, confirmed the figures, noting that the continued intervention is in line with the assurances made by the Governor, Mr. Godwin Emefiele, to sustain market liquidity in order to boost production and trade and maintain stability in the forex market.
Okorafor assured that the CBN remains committed to ensuring that all the sectors continue to enjoy access to the foreign exchange required for their business concerns.
Only on Tuesday, the apex bank also injected the sum of $210 million into the Inter-bank Foreign Exchange Market.