The Central Bank of Nigeria (CBN), on Tuesday, February 26, 2019, again said it injected the sum of $210m into the inter-bank Foreign Exchange Market.
According to data by the apex bank, authorized dealers in the wholesale segment of the market were offered the sum of $100m, while the Small and Medium Enterprises (SMEs) segment received $55m, just as customers requiring foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.
Confirming the figures, CBN’s Director, Corporate Communications Department, Isaac Okorafor reiterated its commitment to continue boosting interbank foreign exchange market, thereby ensuring liquidity.
It will be recalled that on Friday, February 22, 2019, the Bank injected a total of $268.4 million and CNY46.3m into the Retail Secondary Market Intervention Sales (SMIS) segment.
Meanwhile, the Naira on Tuesday, February 26, 2019 exchanged at an average of N360/$1 in the BDC segment of the market.