Nigeria central bank injects $210 mln into currency market

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A trader changes dollars with naira at a currency exchange store in Lagos, Nigeria in this February 12, 2015 file photo. Nigeria’s central bank is expected to make an interest rate decision this week. REUTERS/Joe Penney/File

ABUJA, Jan 8 – Nigeria’s central bank said on Tuesday it had injected $210 million into the interbank foreign exchange market, as it seeks to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million 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.

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