In its first intervention in the foreign exchange market for December, the Central Bank of Nigeria (CBN) yesterday injected the sum of $210 million in the inter-bank foreign exchange market. 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 $55million each. The CBN Director in charge of Corporate Communications Department, Mr. Isaac Okorafor, confirmed the figures and restated the Bank’s resolve to meet genuine customers’ request in the various segments of the market especially in the preceding period of the yuletide and in the New Year. Read More:
Category: Market News
