Determined to ensure adequate liquidity in the Inter-Bank segment of the Foreign Exchange market, the Central Bank of Nigeria (CBN), on Tuesday, supplied $210 million to meet end users’ needs. An analysis of the supply showed that authorized dealers in the wholesale segment of the market offered received $100 million compared to the Small and […]
Tag: CBN Intervention in Inter-Bank Forex Segment
CBN Injects $210m Into Inter-Bank Segment of Forex Market
The Central Bank of Nigeria (CBN) has injected $210 million into the Inter-Bank segment of the Foreign Exchange (Forex) market to boost its liquidity. Figures released by the Bank on Tuesday showed that the Wholesale sector of the market got $100 million while the Small and Medium Enterprises (SMEs) and invisibles sectors each of which […]