Central Bank of Nigeria (CBN) has injected $210 million into the foreign exchange market (Forex) to meet customers’ requests in various segments, according to the Acting Director, Corporate Communications, Mr. Isaac Okorafor.
In a statement on Tuesday in Abuja, Okorafor said $100 million was allotted to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got
$55 million.
Okorafor noted that customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, are also allocated $55 million.
He recalled that the bank, on Thursday, intervened with $210 million to cater for requests in the wholesale segment of the Forex market.
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.
- NAN