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Reading: CBN Injects $210m Into Forex Market to Meet Customers’ Requests
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CBN Injects $210m Into Forex Market to Meet Customers’ Requests

Farouk Mohammed
By Farouk Mohammed
Published: June 27, 2018
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Central Bank of Nigeria (CBN) on Tuesday injected 210 million dollars into the foreign exchange market to meet customers’ requests in various segments.

According to Isaac Okorafor, CBN acting Director, Corporate Communications, 100 million dollars was allotted to authorised dealers in the wholesale segment of the market.

He also said the Small and Medium Enterprises (SMEs) segment got 55 million dollars.

Okorafor notes that according to the bank’s figures, customers requesting foreign exchange for invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others, are also allocated 55 million dollars.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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