Customers in the retail segment of the Nigerian inter-bank foreign exchange market received a $318.73million boost from the Central Bank of Nigeria (CBN) on Friday.
Information obtained from the CBN on Friday indicate that the deals in the retail window represent requests from the various sectors in the Secondary Market Intervention Sales (SMIS), thus providing a boost to the respective sectors.
The Acting Director, Corporate Communications at the CBN, Mr. Isaac Okorafor, explained that $318.73million sold is for companies in the raw materials, agricultural, airline and petroleum industries.
The CBN had on June 26, intervened to the tune of $210 million to cater for requests in the wholesale segment of the forex market.
Okorafor said the CBN remains committed to ensuring that all the sectors continue to enjoy access to the foreign exchange required for their business concerns.
Meanwhile, the Naira, on Friday, exchanged at an average of N360/$1 in the Bureau de Change segment (BDCs) across major trading points in Lagos, Abuja, Port Harcourt and Kano.