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Mr. Isaac Okorafor

CBN boosts FX market with another $210m

COMFORT EKELEME

The Central Bank of Nigeria (CBN) has continued its intervention in the retail Secondary Market Intervention Sales (SMIS) by injecting a total of $317.52 million in that segment of the market in addition to CNY58.40 million in the spot and short-tenured forwards segment.

CBN boosts FX market with another $210m

COMFORT EKELEME

In another round of intervention, the Central Bank of Nigeria (CBN) has injected the sum of $210million into the inter-bank Foreign Exchange Market to ensure the availability of forex and also meet customers’ requests in various segments of the market.

CBN boosts FX market with another $210m

The interbank window of Nigeria’s Foreign Exchange market has received a boost of $210,000,000.00 from the Central Bank of Nigeria (CBN).According to figures obtained from the bank, the interventions were for the Wholesale, Small and Medium Enterprises (SMEs) and invisibles segments of the market.

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