The Central Bank of Nigeria (CBN), on Thursday said $343.06m forex was sold as retail Secondary Market Intervention Sales (SMIS) to operators in the agricultural, airlines and petroleum products.

A statement by the CBN said the intervention in the Foreign Exchange market on Thursday, June 14, 2018 was also meet demand for raw materials and machinery by manufacturers in the country.

Confirming the figures, the Acting Director, Corporate Communications at the CBN, Isaac Okorafor, noted that the continued interventions were in line with the assurances made by the Governor, Godwin Emefiele, to sustain market liquidity in order to boost production and trade as well as maintain stability in the forex market.

Speaking further, Okorafor expressed the CBN’s continued commitment to ensuring that all the sectors continue to enjoy access to the foreign exchange required for the business concerns.

It will be recalled that on Tuesday, June 12, 2018, the Bank injected the sum of $210 million into the Wholesale segment of the inter-bank Foreign Exchange Market.

Meanwhile, the naira exchanged at N362/$1 in the BDC segment of the market on Thursday, June 14, 2018.