Posted on Thu 21 Jun 2018, 11:18 AM

The Central Bank of Nigeria (CBN) has made available the sum of $210million, to meet customers’ requests in various segments of the foreign exchange market.

In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got boosted with the sum of $55 million.  

Posted on Wed 8 Nov 2017, 10:44 AM

The Central Bank of Nigeria has intervened in the inter-bank foreign exchange market with the injection of another $195m.

Figures released by the bank on Tuesday showed that it offered the total sum of $100m to the wholesale segment, while the Small and Medium-scale Enterprises segment received the sum of $50m.

The invisibles segment comprising tuition, medical payments and basic travel allowance received $45m.

Posted on Fri 26 May 2017, 02:09 PM

The naira is seen trading within a range on both the black market and official interbank window as the central bank continue to inject more dollars to boost liquidity in the foreign exchange market.

The central bank has consistently intervened in the foreign exchange market since February and has sold more than $4 billion to various sectors of the economy, this has improved liquidity and helped to ease pressure on the naira.

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