CBN on Tuesday supplied the sum of $210 million into the inter-bank Foreign Exchange (Forex) market in furtherance of its sustained efforts to ensure liquidity in the market. Figures obtained from the apex bank on the latest intervention indicated that it offered $100 million to authorized dealers in the wholesale segment of the market, while […]
Tag: CBN Forex Injection into Inter-Bank Sgment of Forex Market
CBN Injects $210m Into Forex Market
The Central Bank of Nigeria (CBN) on Wednesday supplied the inter-bank segment of the foreign exchange (Forex) market with $210 million in furtherance of its efforts to boost the market’s liquidity. An analysis of the Forex supply showed that $100 million was provided for authorized dealers in the wholesale segment of the market while the […]
CBN Injects $210Mn Into Inter-Bank Segment of Forex Market
The Central Bank of Nigeria (CBN) yesterday injected $210 million into the inter-bank segment of the Foreign Exchange (Forex) market to boost its liquidity. The allocation of the fund into sub-segments of the market indicated that $100 million was allocated to dealers in the Wholesale Sector compared to the Small and Medium Enterprises (SMEs) and […]