The Central Bank of Nigeria (CBN) has made available the sum of $210million to meet customers’ requests in various segments of the foreign exchange market.
In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted with the sum of $55 million.
According to figures obtained from the Bank on June 20, customers needing foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA) among others, were also allocated the sum of $55 million.
The Bank, on June 14, intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market.
Meanwhile, the Naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Wednesday, June 20, 2018.