Players in
the retail segment of the Nigerian inter-bank Foreign Exchange (FOREX) market
received a 254.3 million dollars boost from the Central Bank of Nigeria (CBN)
on Friday.
The acting
Director, Corporate Communications at the CBN, Mr Isaac Okorafor, in a
statement explained that the sale was in response to bids received from
authorised dealers, on behalf of their customers.
He disclosed
that the 254.3 million dollars sold was for companies in the raw materials,
agricultural, airline and petroleum industry.
He recalled
that the Bank, at its last intervention in the Retail Secondary Market
Intervention Sales (SMIS) on June 23, injected 240 million dollars for spot and
forward deals.
He said the
apex bank had also intervened with 390 million dollars in the wholesale, SMEs
and invisibles segments of the market on June 28 and July 3, 2017.
Okorafor
said the CBN remained very committed to ensuring that all the sectors continue
to enjoy access to the foreign exchange required for their business concerns.
Meanwhile,
the naira, on Friday exchanged at an average of N364 to a dollar at the Bureau
de Change segment (BDCs) in Abuja, which shows a slight depreciation of N4
compared to the N360 it exchanged for on Thursday.
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