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The Central Bank of Nigeria (CBN) has injected $210million into the various foreign exchange market to meet customers’ requests.

The CBN offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the sum of $55 million.

According to figures obtained from the Apex Bank on Monday, February 19 2018. Customers in need of 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.

Acting Director, Corporate Communications Department (CCD), of the bank, Mr. Isaac Okorafor, reiterated CBN's commitment to continuous to intervention in the interbank foreign exchange market, in line with its pledge to sustain liquidity in the market and maintain stability.

Mr. Okorafor said that the CBN would continue to strategically manage the forex with a view to reducing the country’s import bills and halting depletion of its foreign reserves.

Meanwhile, the naira continued its stability in the FOREX market, exchanging at an average of N360/$1 in the BDC segment of the market on Monday, February 19, 2018.

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