Tuition fees, medical payments and Basic Travel Allowance (BTA), among
others, got $45 million.
assured that the bank would continue to intervene in order to sustain
liquidity in the market and guarantee international value of the naira.
rates convergence, “hence the unrelenting injection of intervention
funds into the foreign exchange market’’.
sustain its run against the dollar and other major currencies around the
world, considering the level of transparency in the market.
Recall that the CBN intervened in the various segments of
the foreign exchange market with the injection of 396.8 million dollars
while the naira continued to maintain its stability in the market,
exchanging at an average of N364 to a dollar in the Bureau de Change
segment of the market.