CBN injects $210 mln into forex market to alleviate dollar shortages

0
708

ABUJA, April 18  – Nigeria’s central bank said on Wednesday it had injected $210 million into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million earmarked for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as school fees and medical bills.

This site uses Akismet to reduce spam. Learn how your comment data is processed.