$210m Injected into currency market – CBN

By Aaron Ossai

A whooping $210 million has been injected into the interbank foreign exchange, the Central Bank of Nigeria, CBN has said.

The apex bank in a statement said the measure was part of its efforts to boost liquidity and alleviate dollar shortages.

The statement also disclosed that the bank had released 100 million dollars earmarked 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.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *