The Acting Director, Corporate Communications, Isaac Okoroafor, in a statement on Monday in Abuja, said that $100 million was allocated to authorised dealers in the wholesale segment of the market.
The fresh injection further strenghtens the Naira which sold at N363 against the dollar at the Bureau De change (BDCs) and parallel market at the close of trade on Monday in Lagos. The figure has been stable in the past two weeks.
Okorafor said that the Small and Medium Enterprises (SMEs) segment also received 55 million dollars, while customers requiring foreign exchange for tuition fees, medical payments and Basic Travel Allowance (BTA), among others, were also allocated 55 million dollars.
He assured of the the apex bank’s continued intervention in the interbank foreign exchange market in line with its desire to sustain liquidity in the market and maintain stability.
The intervention, Okorafor noted is reflected in the reduction of the country’s import bills and accretion to foreign reserves which stood at 46 billion dollars.
The CBN recently injected 355.43 million dollars into the Foreign Exchange Retail Secondary Market Intervention Sales.
Meanwhile, the naira continued its stability in the foreign exchange market. At the BDC, the naira was sold at N500 to the Pound Sterling and closed at N442 against the Euro.
However, the naira against the two currencies went for N501 and N445 respectively at the parallel market.
Also, trading at the Import and Export foreign exchange window,the naira closed at N360.47 to the dollar.
It also exchanged at N305.75 to the dollar at the Central Bank of Nigeria (CBN) window.
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