Nume Ekeghe
The Central Bank of Nigeria (CBN) on
Tuesday made available the sum of $210 million to meet customers’
requests in various segments of the foreign exchange market.
The CBN in its quest to meet customers’
needs in the various segments of the market offered $100 million to
authorised dealers in the wholesale segment of the market while the SMEs
segment got the
sum of $55 million.
According to figures from the Bank,
customers requesting forex for invisibles such as tuition fees, medical
payments and Basic Travel Allowance (BTA), among others, were also
allocated the sum of $55 million.
The CBN had last Friday, following the
earlier take-off of its intervention in the sale of forex in Chinese
Yuan (CNY), injected the sum $340, 507, 376.51 into the interbank retail
secondary market intervention sales.
This was in addition to the sale of CNY 69,858,087.15 in the spot and short tenored forwards.
Meanwhile, the naira continued its
stability in the forex market, exchanging at an average of N360/$1 in
the BDC segment of the market yesterday.
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