The naira Monday started the week with a marginal depreciation of two kobo to N360.37 per dollar in the Investors and Exporters (I&E) window, even as the Central Bank of Nigeria injected $210 million into the foreign exchange market.
Acting Director, Corporate Communications Department (CCD), CBN, Mr. Isaac Okorafor confirmed the injection saying: “The CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment received the sum of $55 million.
Customers requiring 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.”
