The Central
Bank of Nigeria (CBN) has made available $210 million to meet customers’
requests in various segments of the foreign exchange market.According to
figures obtained from the apex bank yesterday in its quest to meet customers’
needs in
the various segments of the market, it offered $100 million to
authorised dealers in the wholesale segment of the market while the Small and
Medium Enterprises (SMEs) segment got $55 million.
Also,
customers in need of foreign exchange for invisibles such as tuition fees,
medical payments and Basic Travel Allowance (BTA), among others, were also
allocated $55 million.
The CBN’s
Acting Director, Corporate Communications Department (CCD), Mr. Isaac Okorafor,
reiterated the bank’s commitment to continuous intervention in the inter-bank
foreign exchange market in line with its pledge to sustain liquidity in the
market and maintain stability. Okorafor said the CBN would continue to
strategically manage the forex with a view to reducing the country’s import
bills and halting depletion of its foreign reserves.
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