Central Bank Governor, Godwin Emefiele Photo: Twitter

The Central Bank of Nigeria (CBN) on Tuesday, in another round of intervention, boosted the inter-bank Foreign Exchange Market with 210 million dollars.

Spokesman for the apex bank Isaac Okorafor said the CBN allocated 100 million dollars to dealers in the wholesale sector.

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He said also the Small and Medium Enterprises (SMEs) segment and invisibles received 55 million dollars each.

The continued interventions in the interbank foreign exchange market was mainly to ensure sustained liquidity and stability in the market, according to the bank.

The CBN intervention, according to Okoroafor, has impacted the market positively and guaranteed a stable exchange rate for the Naira, which has since stabilised the foreign exchange market.