today-is-a-good-day
4.3 C
New York
Thursday, March 28, 2024
HomeBankingCBN injects $210 million into currency market

CBN injects $210 million into currency market

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.

Advertisements

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari