The Central Bank of Nigeria (CBN) Monday injected $153.5 million into the interbank foreign exchange market.
CBN’s Acting Director of Corporate Communications, Mr. Isaac Okorafor disclosed this in a statement.
“The CBN offered the sum of $100 million to dealers in the wholesale window, while the Small and Medium Enterprises (SMEs) window was allocated a total of $28 million. The invisibles segment was allocated the sum of $25.5 million to meet the needs of those requiring forex for Business/Personal Travel Allowances, school tuition, medicals, etc”, he said:
He also disclosed that: “The bank also Monday released the figures for the auction sales in the retail window last week, totalling $260million.”
However, the Naira yesterday depreciated to N366 per dollar at the parallel market.
