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Reading: CBN Injects $210m Into Foreign Exchange Market
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CBN Injects $210m Into Foreign Exchange Market

By
Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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December 13, 2017 - 7:51 am
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The Central Bank of Nigeria (CBN) says it has injected 210 million dollars into the interbank foreign exchange market.

The apex bank said it injected the sum in line with efforts to boost liquidity and alleviate dollar shortages.

In a statement issued on Tuesday, the CBN noted that it had released 100 million dollars penned for the wholesale market, 55 million dollars for small businesses and individuals, and 55 million dollars for certain dollar expenses such as school fees and medical bills.

Have you seen yesterday’s exchange rate of major currencies against the Naira? – Click HERE

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