Money

CBN Injects $210m In Wholesale Segment, Others

 

BY NKECHI NAECHE—-The Nigerian Apex Bank, the  Central Bank of Nigeria (CBN) on Tuesday said it injected the sum of $100 million to dealers in the wholesale segment of the foreign exchange market.

The CBN also made interventions of $55 million each in the Small and Medium Enterprises (SMEs) and Invisibles segments to meet the needs of customers.
Speaking on the intervention, the  Director, Corporate Communications Department at the CBN, Mr. Isaac Okorafor reassured of the Bank’s continued mediation in the interbank foreign exchange market in order to guarantee stability.

The CBN had on Wednesday, November 21, 2018 injected the sum of $210 million into the wholesale segment of the inter-bank foreign exchange market.

Meanwhile, Naira remained stable against the dollar today stable exchanging in Lagos and Abuja at an average of N362/$1 in the BDC segment of markets.

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