CBN boost forex market by $210m injection

The Central Bank of Nigeria (CBN) has made available $210 million, to meet customers’ requests in various segments of the foreign exchange market.

The CBN  offered $100 million to authorised 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 apex bank on Wednesday, customers requesting 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 Tuesday intervened to the tune of $210 million to cater for requests in the wholesale segment of the forex market.