Home BUSINESS CBN pumps additional $482.6m into forex market

CBN pumps additional $482.6m into forex market

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Forex

The Central Bank of Nigeria has sustained its intervention in the inter-bank segment of the foreign exchange market by injecting $482.6 million into the market.

The Apex bank says this will protect the value of the naira.

The intervention breakdown shows retail Secondary Market Intervention Sales with the sum of $285 million.

The Small, Medium and Enterprises window got $52 million, while Basic Travel Allowance, Personal Travel Allowance, medicals and tuition fees, and others, got the sum of $45 million.

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