Data received from the CBN on Friday revealed that the sum was in favour of the agricultural, airlines, petroleum products and raw materials and machinery sectors.
Browsing: Foreign Exchange Market
Figures obtained from the Bank revealed that the interventions were in the Wholesale, Small and Medium Enterprises and invisibles windows.
Figures released by the Bank show that it offered $100 million to the Wholesale segment, while the Small and Medium Enterprises segment received $50 million.
The Acting Director, Corporate Communications Department at the Bank, Isaac Okorafor, while confirming the figures, said the CBN was pleased with the state of the Forex market, adding that the Bank will continue to intervene in order to sustain the liquidity in the market and guarantee the international value of the naira
Isaac Okorafor, the CBN’s Acting Director, Corporate Communications Department, said this in a statement in Abuja.
Isaac Okorafor, the Acting Director of Corporate Communications Department, CBN, said this in a statement on Tuesday in Abuja.
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.