Home Business CBN disburses $280M to SMEs, BDCs, others

CBN disburses $280M to SMEs, BDCs, others


Central Bank of Nigeria on Tuesday continued its intervention in the foreign exchange segment of the financial market with the injection of fresh $280m into various sectors of the economy.

CBN said in a statement by its Acting Director, Corporate Communications Department, Isaac Okorafor, that it had also commenced the weekly sale of $20,000 to Bureau De Change operators.

CBN also on Tuesday opened bids where it offered $100m wholesale, seven to 45 days’ forwards to end-users through the Deposit Money Banks.


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