The Management of the Bank made this disclosure in a statement issued to update stakeholders of milestones recorded in the last one year of its regulatory intervention that has seen the management work assiduously and silently to steer the bank to stability.
The Senate's resolution followed point of order raised by the Leader of Senate, Senator Ahman Lawan, who called the attention of the lawmakers to the refusal of affected agencies to submit their budget for consideration.
A breakdown of the Monday’s intervention indicated that the Bank offered the sum of $100 million to dealers in the wholesale segment, while it allocated the sum of $23 million to the Small and Medium Enterprises segment.
Information obtained from the CBN on Friday indicated that the deals in the retail window represent requests from the various sectors in the Secondary Market Intervention Sales, thereby providing a boost to the respective sectors
A breakdown of figures released by the CBN on Monday showed that $100 million was offered to authorized dealers in the wholesale window, just as the Small and Medium Enterprises window was allocated $50 million.