The Central Bank of Nigeria (CBN) on Wednesday said 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.
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The CBN 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.
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