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Reading: CBN Injects $331M Into Foreign Exchange Market
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CBN Injects $331M 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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June 2, 2018 - 9:15 pm
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The Central Bank of Nigeria (CBN) on Friday injected $331m into the Interbank Foreign Exchange Market to alleviate dollar shortages.

The funds were allocated to companies in the agricultural, airline, petroleum and machinery sectors.

CBN spokesperson, Isaac Okorafor said the financial regulator is buoyant enough to meet the foreign exchange requests of various customers cut across the different segments of the market.

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