L
LequteMan
Guest
The Central Bank of Nigeria (CBN), on Monday injected $195 million into various segments of the inter-bank foreign exchange market as a means of ensuring liquidity and stability in the markets.
$100 million was offered to authorized dealers in the wholesale window, just as the Small and Medium Enterprises (SMEs) window was allocated the sum of $50 million.
Those seeking forex for the purpose of BTA/PTA, tuition and medical bills, among other invisibles, received the sum of $45 million.
The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, said CBN's continued intervention was aimed at strengthening the international value of the Naira, and ensuring that dollar is available to customers who required it for genuine purposes.
$100 million was offered to authorized dealers in the wholesale window, just as the Small and Medium Enterprises (SMEs) window was allocated the sum of $50 million.
Those seeking forex for the purpose of BTA/PTA, tuition and medical bills, among other invisibles, received the sum of $45 million.
The Acting Director, Corporate Communications at the CBN, Isaac Okorafor, said CBN's continued intervention was aimed at strengthening the international value of the Naira, and ensuring that dollar is available to customers who required it for genuine purposes.
