CBN injects $210 million into currency market

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CBN Governor, Godwin Emefiele

Nigeria’s Central Bank said on Tuesday it had injected $210 million into the inter-bank foreign exchange market, as it seeks to boost liquidity and alleviate dollar shortages.

The bank said in a statement it had released $100 million for the wholesale market, $55 million for small businesses and individuals, and $55 million for certain dollar expenses such as school fees and medical bills.

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