Business Briefs
THE Central Bank of Nigeria, CBN, has made available the sum of $210 million to meet customers’ requests in various segments of the foreign exchange market.
In its desire to meet customers’ needs in the various segments of the market, the CBN offered $100 million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises, SMEs, segment got boosted with the sum of $55 million.
According to figures obtained from the Bank on Wednesday, 20th June, 2018, customers needing 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.
It will be recalled that the bank last Thursday, June 14, intervened to the tune of $343.06 million to cater for requests in the retail segment of the forex market.
The Naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Wednesday, June 20, 2018.
– Jun. 20, 2018 @ 18:29 GMT |
Tags: CBN injects $210m into Forex Market to meet Customers’ Needs
