Money

CBN Injects $210m Into Inter-bank Market

BY NKECHI NAECHE–-The Central Bank of Nigeria (CBN) on January 29, 2019, injected another sum of $210 million into the inter-bank foreign exchange market.

The apec bank indicated that authorised dealers in the wholesale segment of the market received the sum of $100million, while the Small and Medium Enterprises (SMEs) and the invisibles segments were allocated the sum of $55 million each.

The Director, Corporate Communications Department at the CBN, Mr. Isaac Okorafor, confirmed the figures and restated the Bank’s resolve to always meet the request of genuine customers in the various segments of the market.

The CBN had  on Friday, January 25, 2019,  injected a total sum of $289.76million into retail Secondary Market Intervention Sales (SMIS) and CNY38.70million in the spot and short-tenored forwards of the inter-bank foreign exchange market.

 

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