The Central Bank of Nigeria has injected $242.04 million into the retail Secondary Market Intervention Sales and 32.3million chinese yuan in the spot and short tenured forwards segment of the inter-bank foreign market.
The Director, Corporate Communications Department CBN, Isaac Okorafor made this known .
Mister Okorafor adds that the intervention was for requests in the agricultural and raw materials sectors while the Chinese Yuan was for Renminbi-denominated Letters of Credit.
He said with improved inflow of foreign exchange, the exchange rate had remained stable around N360 per dollar.
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The Apex Bank Management would remain committed to ensure all the sectors of the forex market enjoy access to the needed foreign exchange.
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