The Central Bank of Nigeria said on Monday it had injected $210 million
into the interbank foreign exchange market, extending efforts to boost
liquidity and alleviate dollar shortages.
into the interbank foreign exchange market, extending efforts to boost
liquidity and alleviate dollar shortages.
The bank said in a
statement it had released $100 million earmarked for the wholesale
market, $55 million for small businesses and individuals, and $55
million for certain dollar expenses such as school fees and medical
bills.
statement it had released $100 million earmarked for the wholesale
market, $55 million for small businesses and individuals, and $55
million for certain dollar expenses such as school fees and medical
bills.
The central bank said it: “will continue to manage the
forex with a view to reducing the country’s import bills and halting
accretion to its foreign reserves.”
forex with a view to reducing the country’s import bills and halting
accretion to its foreign reserves.”
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