CBN Injects $210m Into Forex Market

Forex Market

 

 Forex MarketThe Central Bank of Nigeria has injected the sum of 210 million dollars into the inter-bank Foreign Exchange Market.

Director of Corporate Communications Department of the Central Bank of Nigeria, Mr Isaac Okorafor made this known in a statement in Abuja.

Okorafor explained that authorized dealers in the wholesale sector of the market received 100 million dollars , while the Small and Medium Enterprises and the invisible segments were allocated the sum of 55 million dollars each.

He said the efforts of the CBN had helped to ensure the stability of the Naira and also increased the level of investors and public confidence in the economy.

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Author: David

Founder of JustOfofo Media (www.justofofo.com.ng)