The Central Bank of Nigeria (CBN) injected on Tuesday, January 29, 210 million USD on the interbank foreign exchange market to generate stability.
According to a statement released for the occasion, the sum is split between authorized dealers in the wholesale segment of the market ($ 100 million) and small and medium-sized enterprises and invisible segments with each $ 55 million.
It should be recalled that the bank also injected on January 25, 2019, a total of $ 289.76 million in secondary market retail sales (SMIS) and $ 5.8 million on the spot market as well as short-term forward exchange contracts between banks.
The CBN also reported in a semi-annual report of 2018 that it has increased the frequency of currency cash sales to the Foreign Exchange Bureau (BDC) market two to three times a week. Note that the naira has sold 360 nairas for one dollar.
journaliste économique, titulaire d’un Master II en Communication et Journalisme de l’Institut Supérieur des Sciences de l’Information et de la Communication de Dakar (ISSIC). Grande amatrice de lecture et de musique. Féministe dans l’âme et passionnée de mode.