In continuation of its periodic intervention in the foreign exchange market, the Central Bank of Nigeria (CBN) on Tuesday, injected another sum of $210 million into the inter-bank foreign exchange market.
Figures released by the CBN on indicated that authorised dealers in the wholesale segment of the market received the sum of $100million, while the Small and Medium Enterprises (SMEs) and the invisibles segments were allocated the sum of $55 million each.
The Director, Corporate Communications Department at the CBN, Mr. Isaac Okorafor, who confirmed the figures restated the Apex Bank’s resolve to meet the request of genuine customers in the various segments of the market.
It will be recalled that last Friday, the Bank injected a total sum of$289.76 million into retail Secondary Market Intervention Sales (SMIS) and CNY38.70 million in the spot and short-tenored forwards of the inter-bank foreign exchange market.
Meanwhile, the naira continued to exchange at an average of N360/$1in the Bureau De Change (BDC) segment of the market.
