The Central Bank of Nigeria on Friday injected over $337m into the Inter-bank Foreign Exchange Market. This comes after the bank on Tuesday, October 16, 2018, injected the sum of $210m into the market.
In addition to the sum is 53 Million Chinese yuan in the spot and short-tenure forwards of the inter-bank foreign exchange market.
That’s according to Director, Corporate Communications Department, CBN, Mr Isaac Okorafor who further reiterated that the move was in furtherance of the apex bank’s commitment to ensuring adequate liquidity and stability in the inter-bank foreign exchange market.
Meanwhile, the naira maintained its steady rate against major currencies around the globe, exchanging for N362/$1 in the Bureau De Change segment of the market on Friday.
