The Central Bank of Nigeria, CBN, on Monday, injected the sum of $210 million into the foreign exchange, forex market.
In a statement issued on Monday, the CBN gave an assurance that to sustain intervention at the interbank foreign exchange market, in tandem with its promise to sustain liquidity in the market and maintain stability.
According to the apex bank, $100 million was auctioned to the wholesale market, while both the SMIS and Invisibles sectors received $55 million each.
The CBN at least once a week pumps forex into the interbank market to improve liquidity and curb the Dollar shortages at the market.
