The
Central Bank of Nigeria has continued its sustenance of foreign exchange
liquidity by injecting another $195m into the inter-bank foreign exchange
market, even as the naira maintains its strength.
The
$195m intervention was made on Monday.
Figures
released by the bank showed that it offered the sum of $100m to the wholesale
segment, while the Small and Medium Enterprises segment received the sum of
$50m. The invisibles segment comprising tuition, medical payments and basic
travel allowance received $45m.
The
bank’s Acting Director, Corporate Communications, Mr. Isaac Okorafor, said on
Monday that the intervention was in line with the CBN’s continual determination
to ensure forex liquidity and satisfy legitimate demands.
Okorafor
said the bank would continue to intervene in the nation’s forex market in order
to sustain the liquidity in the market and guarantee the international value of
the naira.
Meanwhile,
the naira closed at 363/dollar at the parallel market on Monday, the same rate
it had maintained in the past two weeks.
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