The Central Bank of Nigeria, CBN, injected $195 million into the Inter-bank Foreign Exchange Market on Monday.
The apex bank offered $100 million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises, SMEs, segment received the sum of $50 million. For Basic Travel Allowance, BTA, and others, the CBN allocated the sum of $45 million.
Isaac Okorafor, CBN’s Acting Director, Corporate Communications, said the bank was confident that the level of transparency it had entrenched in the market would help the naira sustain its steady run against the dollar and other major currencies around the world.