The Central Bank of Nigeria (CBN) has
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
Small and Medium Enterprises (SMEs) segment got boosted with the sum of
$55 million.
According to figures made available by
the CBN yesterday, customers requesting foreign exchange 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 Tuesday intervened to
the tune of $210 million to cater for requests in the wholesale segment
of the forex market.
Meanwhile, the naira exchanging at an average of N361/$1 in the BDC segment of the market yesterday.
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