The Central Bank of Nigeria (CBN) says it provided $210m on Tuesday, September 4, 2018 to meet customers’ requests in various segments of the foreign exchange market.
A statement by the apex bank says it offered $100m to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted with the sum of $55m.
According to the apex bank customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated the sum of $55m.
It will be recalled that the Bank last Tuesday, August 28, 2018 intervened to the tune of $210m to cater for requests in the wholesale segment of the forex market.
Meanwhile, the naira continued its stability in the FOREX market, exchanging at an average of N361/$1 in the BDC segment of the market on Tuesday, September 4, 2018.