CBN pumps $210m in foreign exchange market

The Central Bank of Nigeria (CBN) has pumped 210 million dollars into the interbank segment of the Nigerian foreign exchange market.

Mr. Isaac Okorafor, CBN Director of Corporate Communications Department, disclosed this in a statement in Abuja on Tuesday.

He said the figures released by CBN indicated that authorized dealers in the wholesale segment of the market were again offered the sum of 100 million dollars.

Okorafor noted that the Small and Medium Enterprises (SMEs) window received the sum of 55 million dollars, while 55 million dollars were allocated to customers requiring foreign exchange for Invisibles such as tuition fees, medical payments and Basic Travel Allowance (BTA), among others.

The director also said that the bank was committed to sustaining the level of stability in foreign exchange market.

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