The Central Bank of Nigeria (CBN), says it had
injected $210 million into the interbank foreign exchange market as part
of its attempt to boost liquidity and alleviate dollar shortages.
injected $210 million into the interbank foreign exchange market as part
of its attempt to boost liquidity and alleviate dollar shortages.
The
apex bank said in a statement it had released $100 million earmarked for the
wholesale market, $55 million for small businesses, and $55 million for
certain dollar expenses such as school fees and medical bills.
apex bank said in a statement it had released $100 million earmarked for the
wholesale market, $55 million for small businesses, and $55 million for
certain dollar expenses such as school fees and medical bills.
The bank, in an emailed statement, said it would continue to intervene in the foreign exchange market to sustain liquidity. (Reuters)
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