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CBN Injects $210m Into Forex Market to Meet Customers’ Requests

Business

CBN Injects $210m Into Forex Market to Meet Customers’ Requests

Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the foreign exchange market to meet customers’ requests in various segments.

According to Isaac Okorafor, CBN acting Director, Corporate Communications, 100 million dollars was allotted to authorised dealers in the wholesale segment of the market

He also said the Small and Medium Enterprises (SMEs) segment got 55 million dollars.

Okorafor notes that according to the bank’s figures, customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, are also allocated 55 million dollars.

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