The Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria following transactions concluded the previous day.
A statement quoted Okorafor to have also said the Bank’s management remained particularly pleased with the prevailing stability in the Nigerian foreign exchange market. The spokesman said the CBN would therefore continue its intervention in the forex market to ensure liquidity, maintain stability and meet customers’ demand.
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CBN injects $210 into inter-bank forex market – Daily TrustThe Nigerian inter-bank foreign exchange market received another boost of $210 million from the Central Bank of Nigeria (CBN) following transactions concluded on Tuesday. The CBN Director in charge of Corporate Communications, Mr. Isaac Okorafor, disclosed this, adding that authorized dealers in the wholesale sector of the market received $100 million, while the Small and …
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