Home BUSINESS BANKING & FINANCE Central Bank Injects $210 Million In Wholesale Segment Of Forex, Others

Central Bank Injects $210 Million In Wholesale Segment Of Forex, Others

The Central Bank of Nigeria (CBN), ahs again, intervened in the wholesale segment of the foreign exchange market, offering the sum of $100 million to dealers in that window.

In the latest round of intervention, which was made public today, Tuesday, the CBN also made interventions of $55 million each in the Small and Medium Enterprises (SMEs) and Invisibles segments to meet the needs of customers.

The Director of Corporate Communications Department of the apex bank, Isaac Okorafor, assured of the bank’s continued mediation in the interbank foreign exchange market in order to guarantee stability.

The Bank had last week, intervened in the wholesale segment of the inter-bank foreign exchange market to the tune of $210 million.

Meanwhile, the Naira continued its stable run against the United States dollars, exchanging at an average of N362/$1 in the BDC segment of markets across Lagos and Abuja.

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