Home Business CBN provides $367m to meet Forex demand
CBN provides $367m to meet Forex demand
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CBN provides $367m to meet Forex demand

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The Central Bank of Nigeria says it carried out another round of retail intervention in the interbank foreign exchange market by providing a total of $367m to meet the forward requests of customers.

A statement released on Monday by CBN’s Acting Director in charge of Corporate Communications, Isaac Okorafor said the bank is determined to ease the foreign exchange pressure on various economic sectors.

Okoroafor said over $1bn had been made available to various users of foreign exchange since the start of the new policy.

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