CBN is injecting 210 million dollars into the market for forex.

After sales concluded on Tuesday the Central Bank of Nigeria (CBN) injected $210 million into the Foreign Exchange section of the interbank.

This was made known in a declaration in Abuja on Tuesday by the Bank’s Director, Corporate Communications Department, Mr Isaac Okorafor.

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Okorafor clarified that the statistics published by CBN indicate that licensed wholesale retailers in the market segment received $100 million and the SME segment earned $55 million.

He said another $55 million was earmarked for clients who require foreign exchange for invisible items like charges for tuition, medical payment and BTA. The director reaffirmed that the bank is committed to ensuring foreign currency stability.

The Nigeria News Agency (NAN) reports that on Fridays, Sept. 6, CBN provided the retail secondary market intervention sales (SMIS) segment with 321,11 million US dollars and the CNY33,3 million.

At the market segment of the Bureau De Change (BDC) on Tuesday, N357 exchanged for a dollar. (NAN)

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